Monday, December 08, 2014
NEW BOSTON FUND SIGNS 17,400 SQUARE FEET AT TRANSDULLES CENTRE
The Class-A Office Property Renews Four Leases and Welcomes New Tenant
Sterling, VA – December 8, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has secured a new lease and renewed four existing tenants’ leases for a total of 17,403 square feet of Class-A office space at TransDulles Centre in Sterling, Va.
Veris Group is moving into TransDulles Centre, while TW Telecom, Wikia (formerly Collacom), Phoenix Systems and New River Systems have all renewed their tenancies.
At TransDulles Centre, New Boston Fund recently updated the building’s common areas and finishes. They also 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 thrilled to see a flurry of activity at TransDulles Centre,” said David Langol, Vice President of Asset Management at New Boston Fund. “The high volume of lease renewals we have signed indicates the quality of space we’re able to offer companies looking for a location in this attractive submarket.
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 Washington & Old Dominion Trail, a 45-mile paved trail spanning from Loudoun to Arlington counties that is used for walking, running, bicycling and/or skating.
Adjacent to Trans Dulles Centre, New Boston 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
For all news or media inquiries, please contact:
Solomon McCown & Company