New leases, renewals and expansions total more than 238,500 square feet
(Washington, D.C. – Jan. 19, 2011) Duke Realty Corporation’s (Duke Realty) Washington D. C. office announced that it closed 238,504 square feet in new leases, renewals and expansions during the fourth quarter of 2010.
“We are pleased that we were able to help several new customers with their space needs and retain many of our longterm customers—even meeting increased space needs when needed,” said Peter Scholz, Senior Vice President of Duke Realty’s Washington, D.C. office. “The quality of our Washington, D.C. portfolio, along with Duke Realty’s financial stability and solid reputation in the market, helped us sustain leasing momentum throughout the year.”
The Washington, D.C. leasing team of Battista Orcino, Vice President, Leasing and Development; Chris Darling, Leasing Representative; and Matt Bremner, Leasing Representative, represented Duke Realty in all of the transactions.
Panalpina, a supplier of forwarding and logistics services, renewed their lease for 69,587 square feet in 22750 Glenn Drive. Chris Mason with Jackson Cooksey and Brian Coakley with Donahoe Real Estate Services represented Panalpina in the transaction.
Fitness Resource, a fitness equipment dealer, extended its lease for 47,040 square feet at 22714 Glenn Drive.
In a new lease, V. Alexander and Co., Inc., a global supply chain management company, will occupy 40,569 square feet in 22815 Glenn Drive. Dale Hoxie with Barrett Industries represented V. Alexander and Co. in the transaction.
TASC, Inc., a company focused on concept and technology development; systems/enterprise engineering and integration; and security and program protection engineering, also signed a new lease and will occupy 31,824 square feet at 15006 Northridge Drive. Brad Davis and Cathy Delcoco with CB Richard Ellis represented TASC in the lease.
General Dynamics Information Technology Inc., an information technology provider, renewed its lease for 28,170 square feet in 22825 Davis Drive. Steve Masterman with CB Richard Ellis was the broker for General Dynamics.
The General Services Administration, the overseer of the business of the U.S. federal government, renewed its lease for 8,089 square feet of space in 2001 N. Beauregard Street.
Clark Construction Group LLC, a construction services provider, expanded its space in 1901 Beauregard Street by 7,334 square feet.
BLF Technologies, Inc., a program support services company, signed a new lease for 2,231 square feet of space in 1800 N. Beauregard.
ADDX Corporation, a professional services company focused on creating knowledge-based organizations, expanded by 1,907 square feet in 4900 Seminary Road.
The American Diabetes Association expanded by 353 square feet, raising their total square footage leased to 1,053 square feet in 1900 N. Beauregard.
About Duke Realty
Duke Realty Corporation entered the Washington, D.C. market in 2006 with the acquisition of properties and land from the Mark Winkler Company. Duke Realty currently owns, manages and has under development more than 3.8 million square feet of industrial and office properties, and serves more than 150 tenants in the D.C. metropolitan region.
On a nationwide basis, Duke Realty owns and operates more than 135 million rentable square feet of industrial, office and medical office space in 18 major U.S. cities. Duke Realty Corporation is public traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at dukerealty.com.
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