NAI KLNB Brokers Leasing Activity in Washington Dulles Corridor to Achieve and Retain 100% Occupancy in Two Industrial Buildings
NAI KLNB has announced the completion of eight separate leasing transactions comprising more than 170,000 square feet of space in the Washington Dulles submarket of Northern Virginia. The leasing activity brought East Severn Way Business Center to 100% occupancy and enabled Airport Commerce Center to remain 100% occupied.
NAI KLNB brokered a 33,940 square foot lease with AutoBahn and a 20,364 square foot lease with Windy City Wire at East Severn Way Business Center, a 68,726 square foot flex/industrial building located in Sterling, Virginia. Built speculatively in 2015, the building is owned by The Maven Group and is now fully-occupied. Marc Tasker, CCIM, SIOR and Ryan Moody of NAI KLNB represented the landlord in both transactions.
In addition, NAI KLNB negotiated five renewals and one new lease totaling 115,723 square feet of space with XPOLogistics, Simplex Grinnell, Savannah Solutions, Site One Landscaping Supply, Immediate Mailing and Turner Associates. With the signing of these transactions Airport Commerce Center maintained its status as 100% occupied. The five-building, 408,000 square foot industrial park is located in Dulles, Virginia and owned and managed by Deutsche Asset & Wealth Management. Marc Tasker, CCIM, SIOR and Kevin Goeller, CCIM, SIOR of NAI KLNB represented the landlord in all of these transactions.
“Both properties are extremely well-positioned within the Dulles Corridor and have the attributes tenants are seeking to serve their clients within the region,” explained Marc Tasker of NAI KLNB. “We were very pleased to stabilize both assets while being able to exceed our budgeted expectations”.
Founded in 1968, KLNB, LLC is comprised of two real estate services companies that includes NAI KLNB, a division that focuses on the sale and leasing of commercial office, industrial and warehouse properties, as well as KLNB Retail, which specializes in the sale and leasing of retail properties as well as tenant representation. KLNB is a joint venture in Paragon Commercial Property Management, a full-service provider of commercial real estate property and asset management services. In addition, the company formed a joint venture partnership with ColumbiaNational Real Estate Finance, LLC to create Arris Realty Capital, an entity that provides real estate financing options.
KLNB, LLC provides a full range of integrated brokerage, sales, financial, investment and strategic advisory services to the commercial office, industrial and retail marketplace. Headquartered in Towson, MD, the other four full-service offices are located in Columbia, MD; Washington, D.C., as well as Tysons and Dulles, Virginia. For additional information visit www.klnb.com