The building, which delivered last year, is 28% leased, with DRSTechnologies, a supplier of defense electronics systems, havinginked a contract to occupy 53,000 sf in the building.
That lease is one proof point to MGP Realty that this value adinvestment play will be competitive in the Herndon submarket. "Itdemonstrates its leasability," Andrew Eshelman, principal with MGPReal Estate tells GlobeSt.com. "Furthermore, we have a greatleasing team in Jones Lang LaSalle."
Other competitive selling points for tenants, he adds, include ahigh quality design, is close to Dulles International Airport and,as the tallest building in Dulles Toll Road corridor, has greataccess and visibility.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
