CHANTILLY, VA—Government contractor CACI International has extended its full-building lease and partial space in another building within Commonwealth Centre, a 100-acre mixed-use campus within the Westfields hub. Its total footprint in this enclave is 220,551 square feet.
It occupies all of the 14370 Newbrook Dr., a 160,000-square foot, five-story building, and 37% of the similarly-sized 14360 Newbrook Dr. BPG Properties developed these buildings in 2008 and 2009 for about $48 million each. They went on to become the first office buildings in Virginia to achieve LEED Platinum status.
Mike Shuler of Avison Young represented the landlord and Jeff Groh and Robert Shue of Jones Lang LaSalle represented the tenant in the recent lease negotiations.
Commonwealth Centre campus is located at the intersection of Route 28 and Westfields Boulevard. Twenty-one acres within the campus has been rezoned and a Wegmans-anchored center is set to break ground in mid-2016.
A third, fully-designed 160,000 square-foot office building is fully approved with an additional 600,000 square-feet of additional density available.
Commonwealth Centre was acquired in 2005 on behalf of BPG Investment Partnership VII and VIIA, L.P., a discretionary fund managed by Equus.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.