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CHANTILLY, VA-ManTech International has renegotiated its lease of 68,387 sf at 14119 Sullyfield Circle here, one of the largest renewals in this submarket this year. Other notable transactions include Northrop Grumman’s lease for 145,959 sf in the Westfields Corporate Center in Washington Technology Park II, and Carfax’s prelease for 51,451 sf at 5860 Trinity Parkway, according to Tonya Ginter, director of research at Advantis Real Estate Services Co.

Catherine C. Jones, executive director in the Washington, DC office of GVA Advantis, represented ManTech. The landlord, Velsor Properties, LLC, represented itself.

Currently rates in this market average $24.38 per sf, Ginter tells GlobeSt.com. “That is due to all the construction, particularly of class A buildings, that are in the pipeline.” However, she adds, this market might be poised for a bit of a shakeup once these projects are delivered. “Vacancy rates are 13.1%, so there is some concern in the brokerage community, given the amount of construction.”

Leasing activity, as illustrated by ManTech’s commitment, is strong. However, Ginter says, the construction is outpacing demand, despite the large leases, mainly by government contractors. Headquartered in Fairfax, ManTech International provides national security technology for the Department of Defense, State, Homeland Security and Justice; the Space Community; and other government customers.

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