Mid Atlantic Real Estate Journal — June 8 - 21, 2012 — 11A
www.marejournal.com
ESTON, VA—HFF an- nounced today that it has closed the sale of 1 216,000 s/f, class A office building included an adjoining 1.9-acre vacant land site Weir and Nicholson of HFF closes the sale of One Dulles Corridor in Reston, Virginia R
two-story lobby, nine-foot ceil- ings, an efficient center-core design and a rooftop sky gar- den with panoramic views of Tysons Corner and the Dulles Corridor. The HFF investment sales team representing the seller was led by senior managing di- rectorAndrewWeir and senior analyst Matt Nicholson. In a separate transaction, HFF secured a $13.6 million refinancing for Claremont Corporate Center, a 41,982 s/f, class A office building in Summit, New Jersey. HFF arranged the financing on behalf of Claremont Corpo- rate Center LLC of Summit, New Jersey. Cantor Commer- cial Real Estate provided the AMSEC LLC has announced plans to move its headquarters in Virginia Beach. Currently located at 2829 Guardian Ln., the company will move opera- tions to 5701 Cleveland St.and will occupy half of the 126,000 s/f building. AMSEC LLC was founded in Virginia Beach in 1981. The company was a wholly owned subsidiary of Northrop Grumman, Newport News Shipbuilding, but was sold to Huntington Ingalls as part of a larger acquisition associated with the Newport News Ship- building purchase in March 2011. AMSEC LLC entered into a 10-year lease with Olympia Development Corporation (ODC) for its new corporate headquarters, and ODC plans to invest $2.925 million in capital improvements in the building. “We’re pleased to keep our headquarters in Virginia Beach,” said Harris Leonard, HII vice president and presi- dent of AMSEC operations. “We believe this move will make us more effective in serving our customers as well as providing easier access to our facility.”
10-year, fixed-rate loan. Pro- ceeds were used to refinance a construction/permanent loan previously arranged by HFF in 2008. Claremont Corporate Center is located at 535 Springfield Avenue in downtown Summit about 22 miles west of Man- hattan. The center is 100 per- cent occupied by five tenants. The building incorporates the more than 100-year-old Risk Mansion into its exterior and is within walking distance of a commuter train station to Manhattan and the surround- ing areas. The HFF team represent- ing the borrower was led by senior managing director Jon Mikula. ■ “This is a substantial win for the city,” said Warren Har- ris, director of Virginia Beach Economic Development. “By keeping this strong corporate leader in Virginia Beach, we retain 250 high-paying jobs and will gain approximately 35 new jobs created over the next 36 months.” It is anticipated that the new jobs will have annual salaries that average $57,570 exclud- ing benefits. Based on the capital invest- ment and the number of jobs created, the Virginia Beach Development Authority has authorized a grant in the amount of $100,000 under the Economic Development Investment Program. The mission of the Virginia Beach Department of Eco- nomic Development is to at- tract and retain national and international business and industry that results in the creation of new capital invest- ment and jobs that increase the per capita income in the community. The City of Virgin- ia Beach is the most populous city in the Commonwealth of Virginia with a population of 434,000 and is the 39th largest city in the United States. ■
Dulles Corridor, a 216,000 s/f, class A office building located in Reston, Virginia. The sale also included an adjoining 1.9- acre vacant land site. HFF represented Parkridge 6, LLC and WFLP-H, LLC, entities wholly-owned and controlled by the Estate of Christopher Walker. 1 Dulles Corridor is located at 10740 Parkridge Boulevard overlooking the Dulles Toll Road at the Hunter Mill in- terchange in Reston. Built in 2008, the building consists of a seven-story office building plus a four-story parking garage. Notable features include a COLUMBIA, MD — Liberty Property Trust announced that it executed 21 leases in its Maryland region during the first five months of the year. Agreements totaled 279,858 s/f of class A office and industrial space and included nine new, two expanded and ten renewal leases. “During these last fewmonths our focus has been on two key areas: the aggressive pursuit of office tenants coupled with a continued commitment to ten- ant retention through customer service,” said Lisa Sullivan, vice president and city man- ager, Liberty Property Trust. “Both strategies are paying off. Our industrial properties in the Baltimore/Washington cCor- ridor are 100% leased and we have brought several new office tenants into the portfolio.” Recapping the largest leases of the period, Sullivan pointed out that TA Industries, Inc. signed the largest new lease: 105,000 s/f of industrial space at 1501 Perryman Rd. in Har- tord County. An undisclosed tenant signed the largest renewed and ex- panded lease for its 14,795 s/f office space in Columbia. In addition, Battlefield Tele-
1 Dulles Corridor
Liberty Property Trust signs 21 leases in Maryland region
AMSEC enters into a 63,000 s/f, 10-year lease
6 North Park Drive in Hunt Valley
communication Systems also expanded to 4,057 s/f of office space in Columbia. The largest renewal of the quarter was with Empire Today in Odenton for 62,400 s/f of industrial space. Delivering Meaningful Value to Tenants The region also received sev- eral important certifications and honors during the same five month period. “One place we really dis- tinguish ourselves is in cus- tomer service,” Sullivan added. “Whether we are working with tenants to bring down energy costs through sustainable and Energy Star efforts, or we are
upgrading common areas at a time when most landlords have been putting off capital improvements, our mission remains to bring our tenants the best service available in the market.” This spring the Maryland region received Energy Star Certification for 6 North Park Drive in Hunt Valley – the sev- enth building in the portfolio to reach this milestone. In April, Liberty Maryland received an NAIOP award for “Best Exterior – Public/ Common Areas” for Energy Star certified Liberty Place at 6200-6250 Old Dobbin Ln., Columbia. ■
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