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DULLES, VA- Raytheon Co. will be consolidating some of its Northern Virginia operations in four offices it is leasing at AOL’s Pacific Corporate Park here. It is a 600,000-square-foot transaction for the government contractor; there will also be a $37.5-million capital investment in the facilities.

Virginia Gov. Timothy Kaine made the announcement, after the state beat out Maryland and DC for the deal. The project will eventually create about 100 new jobs for Raytheon’s Virginia operations, according to his office. “Raytheon Co. is an important employer in the Commonwealth,” Kaine says in a prepared statement. “The location the company has selected in Loudoun County is an existing campus with room for expansion.”

The incentive package the state offered included a $500,000 grant from the Governor’s Opportunity Fund to assist Loudoun County with improving and upgrading the Route 28 technology corridor project. Also, the Virginia Department of Business Assistance promised training assistance through the Virginia Jobs Investment Program.

Raytheon’s Loudoun County facility will house portions of both Raytheon Technical Services Co. and Raytheon’s Intelligence and Information Systems business unit. AOL’s Pacific Corporate Park is located at Route 28 and Waxpool Road. CBRE’s Cathy Delcoco, Rob Faktorow, Terry Reiley and Vicki Salamon represented AOL.

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