[ad_1]
Menlo Equities has signed a full-building, long-term lease with AT&T at Stonecroft IV, a 111,000-square-foot Class A office building in Chantilly, Va. The global telecommunications company will move into its new space in 2025.
Stream Realty Partners brokered the deal on behalf of the landlord, while Cushman & Wakefield represented the tenant.
According to CommercialEdge data, Menlo Equities purchased the property in 2021 for $14.5 million from Franklin Street Properties.
Stonecroft IV is at 4807 Stonecroft Blvd. It came online in 2008 and includes 22,294-square-foot floorplates and 223 vehicle parking spots, the same source shows. The owner added new amenities to the property, such as a conference center, an upgraded fitness center, a lounge, dining services, a renovated lobby and upgrades to the common areas.
The 3-acre asset is near Virginia State Route 28, U.S. Route 50, 7 miles from Dulles International Airport, 22 miles from Arlington, Va., 28 miles from Washington, D.C. and within 31 miles of Alexandria, Va.
Stream Realty Partners’ Co-Managing Director Jeff Roman and Executive Vice President Malcolm Schweiker represented Menlo Equities.
Recent deals in the area
Recent office leasing agreements in the area include The Washington Post’s extension at One Franklin Square in Washington, D.C. The media company has been a tenant at the 612,189-square-foot office building since 2016, and renegotiated its 300,000-square-foot commitment.
In November 2023, CBRE was tapped as exclusive leasing agent for The McMillan Center, a 1 million-square-foot research campus developed by Trammell Crow Co. The property is part of the 2.1 million-square-foot Reservoir District, a $720 million mixed-use redevelopment.
[ad_2]
Source link
