Industry News
July 23, 2008
By: Elena Gontar, Staff Writer
Brandywine Realty Trust has executed a 10-year lease transaction with Time Warner Cable Inc. for 195,000 square feet in South Lake at Dulles Corner, a 268,240-square-foot office building in Herndon, Va, a suburban office market in Washington, D.C. The lease brings South Lake at Dulles Corner to 73 percent leased.
Time Warner Cable will relocate from several non-Brandywine locations in the Herndon area and will occupy the South Lake building between April and August of 2009.
The 10-story office building is located at the intersection of the Dulles Access and Toll Road and Route 28 in the Dulles Corner office park. Brandywine owns six office buildings in the park totaling 1.1 million square feet, and has the ability to develop an additional 200,000-square-foot office building.
"We are pleased that Time Warner Cable has recognized and validated the superior characteristics of South Lake at Dulles Corner," Robert Wiberg, executive vice president & senior managing director of Brandywine said in a release. "We recognize that Time Warner Cable had other options and appreciate their endorsement and support of our project."
CBRE's Northern Virginia office represented both Time Warner and Brandywine in the transaction.
By: Elena Gontar, Staff Writer
Brandywine Realty Trust has executed a 10-year lease transaction with Time Warner Cable Inc. for 195,000 square feet in South Lake at Dulles Corner, a 268,240-square-foot office building in Herndon, Va, a suburban office market in Washington, D.C. The lease brings South Lake at Dulles Corner to 73 percent leased.
Time Warner Cable will relocate from several non-Brandywine locations in the Herndon area and will occupy the South Lake building between April and August of 2009.
The 10-story office building is located at the intersection of the Dulles Access and Toll Road and Route 28 in the Dulles Corner office park. Brandywine owns six office buildings in the park totaling 1.1 million square feet, and has the ability to develop an additional 200,000-square-foot office building.
"We are pleased that Time Warner Cable has recognized and validated the superior characteristics of South Lake at Dulles Corner," Robert Wiberg, executive vice president & senior managing director of Brandywine said in a release. "We recognize that Time Warner Cable had other options and appreciate their endorsement and support of our project."
CBRE's Northern Virginia office represented both Time Warner and Brandywine in the transaction.
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