The lease arrangement involved the buyout/termination of a sublease, as well as the expansion and extension of an existing lease. The deal leaves the firm with an added 23,000 sf for an aggregate 63,600 sf.
Financial details of Cooley Godward's new lease have not been made available; however, class A space in the Reston/Herndon submarket goes for an average $25.79 per-sf, according to Cushman & Wakefield's Year End 2004 Market Beat report. Located just seven miles from Washington Dulles International Airport, the five-year-old One Freedom Square is part of Boston Properties' portfolio.
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