X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RESTON, VA-Leasing activity continues at a steady pace in the 424,000-sf Two Freedom Square building, as information technology company High Performance Technologies Inc. relocates is headquarters from Arlington, VA to the new class A office tower in Reston Town Center. Committing to 22,640 sf of space, HPT will occupy the entire 11th floor of the 16-story structure. Real estate services firm Julien J. Studley represented HPT in the transaction, while Prospective Inc. stood in for property owners Terrabrook and Boston Properties Inc.

“We are about 75% leased now,” Prospective’s Joseph Ritchey tells Globest.com “The three initial deals in that building were all law firms: Wilson, Sonsini, Goodrich & Rosati, Finnegan Henderson Farabow Garrett & Dunner, and Latham & Watkins. Now Wilson Sonsini has space that it is subleasing. So the leasing in the building has been very substantial from the initial point, but now there is some subleasing space that is available.”

For HPT, the trophy property is the perfect space, especially since the city of Reston was the 10-year-old company’s first home. “Our growth and ability to survive the economy’s fluctuations is due in large part to our commitment to being ‘built to last,’ ” HPT president and CEO Don Fitzpatrick says in a statement. “ Two Freedom Square, an inspiring structure that is also ‘built to last,’ is the perfect headquarters location for HPTi’s next phase of growth.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.