Monday, June 02, 2014
NEW BOSTON FUND HIRES NEW BROKER TEAM IN VIRGINIA
TransDulles Centre will be leased by Colliers International
Sterling, VA – June 2, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that they have hired Colliers International as its brokerage team for TransDulles Centre in Sterling, Va.
At TransDulles Centre, New Boston Fund is updating the building common areas and finishes. They also have instituted a program to build out a portion of the remaining vacant space into smaller spec suites that will provide move-in ready options of varying sizes to new tenants seeking immediate occupancy.
“We are very excited to be working with the team from Colliers to help us position the property at the forefront of its sub-market,” said David Langol, Vice President of Asset Management at New Boston Fund. “TransDulles Centre offers incredible space and amenities for companies seeking smaller footprints and competitive pricing.”
Acquired by New Boston Fund in 2007, TransDulles Centre is comprised of two Class-A buildings totaling 149,763 square feet. The property 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.
“TransDulles is truly the best value in this submarket,” said Keith Summers, Vice President at Colliers International. “With the new upgrades and our extensive network of small companies, we anticipate a lot of interest in the property.”
Adjacent to Trans Dulles 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.
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 $3.5 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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