X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TYSONS CORNER, VA-Information technology services company AnviCom Inc. has settled on a new home. With the assistance of real estate services firm USI Real Estate Advisors Mid-Atlantic, the US Department of Defense contractor committed to leasing an 18,300-sf space at 1934 Gallows Rd. AnviCom signed on to occupy the space for a 10-year period and is expected to relocate from 2301 Gallows Rd. to its new space this August. The financial terms of the lease have not been released.

USI relied on an unusual technique–issuing Request for Proposals to real estate marketers–to find just the right space in the Tysons Corner submarket, which has a current office vacancy rate that is much higher than its surrounding Washington, DC-region markets. According to Delta Associates’ First Quarter 2003 Office Market report, the vacancy rate in Tysons Corner is 21.6%, including sublet space.

“AnviCom knew the market rates were ideal for a move and they were in a strong position to grow, having just secured a contract with Defense Information Systems Agency,” USI’s Dan Gonzalez explains. “The RFP helped them take further advantage of the market. While we would not recommend this strategy to all clients, often it is a matter of determining a client’s needs and examining the specific climate in their target market.” USI will also handle the marketing of AnviCom’s current offices once the company moves this summer.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.