Cassidy & Pinkard represented the tenant, while CB Richard Ellis stood in for High Ridge Corporate Park owner Gateway-Piedmont Inc.
The specific terms of the transaction have not been disclosed. However, class A office space in the City of Fairfax goes for an average of $23 per sf, according to Advantis Real Estate Services Co.'s Mid-Year 2004 Office Market Report. webMethods plans to make its move during the first quarter of next year, after the 20-year old, four-story structure undergoes its second renovation in seven years.
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