X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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.