STERLING, Va., Oct. 3, 2016 /PRNewswire/ -- On behalf of building owner, Crown Loudoun LLC, an affiliate of Manhattan-based Crown Properties Inc., Newmark Grubb Knight Frank has successfully leased 90% of its building in the Loudoun Gateway Corporate Center. Most recently, Crown Properties, represented by NGKF, successfully leased the leader in software for professional services organizations, Unanet, a business thinking of leaving its Loudoun County location, 24,000 sq. ft., while Wallace & Company, one of the top real estate advertising agencies in the Washington Metropolitan Area, and its sister company Ecendant Interactive, signed to take nearly 10,000 sq. ft. of space by early 2017.
This well-positioned commercial office space is located three minutes from Dulles Airport, adjacent to a variety of hotels and serviced by two intersections on Route 28, promising excellent visibility to over 120,000 cars daily. Tenants will also have access to plentiful amenities, including a café, fitness center and conference facility.
"As Unanet grows, we are committed to maintaining our company culture and providing our employees a wonderful place to work. The new, custom-designed office space will generate excitement for employees, as well as customers and partners who visit," said Rebecca Douglas, Unanet Vice President of Finance & Administration. Unanet was represented by Dee MacDonald Miller and Chuck LaRock of Jones Lang LaSalle in this transaction.
Christine Malloy, President and COO of Wallace & Company, commented, "We are thrilled to be able to offer our team a better work environment and more inspired space being customized to fit our needs." Wallace & Company was represented by John Redecker and Ryan Miller of CBRE.
"While new to the real estate market in Northern Virginia, Crown Properties has proven themselves as a prominent value-adding investor that understands the local market, identifies the needs of today's tenants and performs in the repositioning of assets," added NGKF Executive Managing Director Andy Klaff.
"Crown Properties is excited to welcome our new tenants into Loudoun Gateway V. While we have only owned the building for eight months, we are pleased to have quickly increased occupancy from 64% to over 90%," said Matt Lefkowitz, Managing Partner.
There are three suites still available, ranging from 2,500 to 6,000 square feet. Space plans are under way in the anticipation of building out the spaces as spec suites.
About Crown Properties Inc.
Founded in 1982, Crown Properties is a privately held real estate organization based in New York City. Crown employs opportunistic strategies to invest in quality assets throughout the United States. With interests in over six million square feet of property, Crown Properties has demonstrated its ability to identify and execute on opportunities within a variety of different business environments. Crown employs a proactive, conservative and hands-on management approach, and their experience allows them to evaluate challenging assets, devise a value-creation strategy and effectively execute their business plan. For more information on Crown Properties, please visit www.CrownProperties.com.
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SOURCE Crown Properties Inc.