ARLINGTON, VA—The Department of HomelandSecurity has renewed a lease at 1310 NorthCourthouse Rd. here for 71,027 squarefeet. The renewal term was for five years.
Colliers International represented thelandlord, a joint venture between MRP Realty andRockpoint Group, which acquired the 353,077-squarefoot building in 2007 for $115 million.
For some 23 years the main occupant of the building was Verizon,but its lease expired in June 2008. Given that the building islocated in the Rosslyn-Ballston Corridor, the new owners had littledifficulty finding tenants for the property. Homeland Security, forexample, moved into the building in 2010.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
