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GLEN ALLEN, VA-Residential mortgage company Saxon Mortgage Services Inc. has decided to relocate its corporate headquarters from the neighboring building at 4880 Cox Rd. to an approximately 33,000-sf space in the 75,000-sf Highwoods II office building at 4860 Cox Rd., in the Innsbrook community. Saxon committed to the space for a five-year period. The financial terms of the lease agreement have not been disclosed, but office space in other similar Highwoods Properties-owned buildings in the area lease for about $18.75 to $20 per-sf. Advantis/GVA represented Saxon in the transaction, while owner Highwoods Properties relied on its own leasing team.

Located within the 2.5 million-sf Innsbrook Corporate Center off I-295, Highwoods II was developed in 1997. The three-story, glass and brick structure is a lakefront property.

“Advantis/GVA’s Charlie Polk helped us find the best location in the area for our needs,” says Saxon assistant VP and director of facilities Kathy Gordon. “It is convenient for our clients, centrally located for our employees and gives us easy access to many nearby amenities.”

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