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RESTON, VA-New tenants have decided to make their home in the 235,000-sf Plaza America I building. Helicopter companies AgustaWestland Inc. and AgustaWestland Bell–a joint venture consisting of AgustaWestland and Bell Helicopter Textron–will consolidate and relocate their digs from the Crystal City submarket of Arlington, VA to a 47,100-sf space at the class A Plaza America facility in Fairfax County. The move, planned for January, is expected to create as many as 300 new jobs for the area.

“Everyone recognizes Fairfax County as an information technology center, but we also have a strong aviation and aerospace economy, and the addition of AgustaWestland Inc. and AgustaWestlandBell is a world-class addition to that lineup,” says Fairfax County Economic Development Authority president and CEO Gerald L. Gordon.

Plaza America I, developed in 1999, sits within the 27-acre mixed-use Plaza America enclave near the Dulles Toll Rd. and Reston Pkwy. AgustaWestland and AgustaWestland Bell will occupy their space at the 10-story facility under a seven-year lease.

Financial terms of the companies’ lease agreement with property owner Atlantic Realty Cos. have not been made available. But Marc A. Bassin of Cushman & Wakefield, which handles leasing at the building on behalf of the owner, tells GlobeSt.com that space at Plaza America I is currently being marketed for about $28.50 to $32 per sf. Studley represented the tenant.

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