Thursday, March 29, 2012
NEW BOSTON FUND SECURES NEW LEASE AT TRANSDULLES CENTRE
Bohler Engineering leases 18,333 square feet of Class-A office space in Sterling, Va.
Arlington, Va. — (March 29, 2012) — New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has leased 18,333 square feet of Class-A office space to Bohler Engineering VA, LLC., a civil and consulting engineering company, at TransDulles Centre in Sterling, Va.
TransDulles Centre is comprised of two buildings totaling 149,763 square feet. Bohler Engineering will occupy 18,333 square feet or 24 percent of the first 75,203-square-foot building, where other major tenants include SRA International, tw telecom, Med-Eval Inc. and Infused Solutions. TransDulles features a fitness center and is located adjacent to the W&OD Trail, a 45-mile paved trail spanning from Loudoun to Arlington counties that is used for walking, running, bicycling and/or skating.
"New Boston is pleased to continue our long-term, successful relationship with Bohler Engineering at the TransDulles Centre," said Pat Shooltz, Senior Vice President and Regional Director of New Boston Fund's Mid-Atlantic region. "TransDulles' quality of building, convenient location, and occupancy-ready "spec-suites," allow us to continue to attract and retain top tenants in the area."
Bohler Engineering's Principal, Adam Volanth, indicated the move was timely, allowing Bohler to continue its regional growth as they celebrate their 30th anniversary. Bohler Engineering was represented in this transaction by Cresa's Managing Principals Jeffrey Baker and Thomas Birnbach. New Boston was represented by Neil Alt, Senior Vice President at Lincoln Property Co.
Also at TransDulles Centre, New Boston recently completed a 178,234-square-foot build-to-suit office and manufacturing facility for Rockwell Collins, a worldwide leader in communication and aviation electronics solutions. The building is comprised of 47 percent office and 53 percent laboratory and assembly space, and was honored with an Award of Merit and named, "Best Building, Non-Institutional Facility," at the Best of NAIOP Northern Virginia Awards in November 2011.
TransDulles Centre is located five minutes north of Dulles International Airport in the Route 28 North submarket, and approximately half a mile from the interchange at VA Route 28, the major north/south highway in the region.
New Boston purchased TransDulles Centre in August 2007 as part of New Boston Fund VII. New Boston Fund does not disclose leasing prices.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com
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