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Alexandria warehouse sells for $9M
Washington, D.C.-based Lee & Associates has brokered the $9 million sale of a 28,000-square-foot warehouse at 619 S. Pickett St. in Alexandria to Terreno Realty Corp. The 1.27-acre site is adjacent to the Van Dorn Street Metro station. Josh Simon, president of Lee & Associates | Washington, D.C., represented the seller, DVPP LLC. The building […]
Reston-based CACI acquires SA Photonics Inc. for $275M
Reston-based Fortune 500 contractor CACI International Inc. entered into an agreement to acquire Los Gatos, California-based SA Photonics Inc., CACI announced Wednesday. Total purchase consideration is $275 million. The transaction is expected to close by the end of the year. SA Photonics develops and deploys multi-domain photonics technologies for free-space optical (FSO) communications, an area [...]
UVA Community Health names interim CEO
Erik Shannon will become the interim CEO of University of Virginia Community Health on Nov. 5, the network announced Thursday. UVA Community Health is a network of outpatient services across Culpeper and Northern Virginia, with UVA Culpeper Medical Center, UVA Haymarket Medical Center and UVA Prince William Medical Center. Shannon was most recently a partner […]
Chesapeake Bank donates $100k to Rappahannock hospital
Chesapeake Bank has pledged $100,000 toward building a new emergency department at Bon Secours Rappahannock General Hospital in Kilmarnock, the bank announced Wednesday. “As a community bank with several offices on the Northern Neck, Chesapeake Bank is proud to support the campaign for Rappahannock General Hospital,” Jeffrey Szyperski, CEO and President of Chesapeake Bank said […]
Intact Technology to expand Fairfax HQ
Fairfax-based IT consulting firm Intact Technology will expand its headquarters, Gov. Ralph Northam announced Tuesday. The expansion will create more than 40 jobs, and Intact will invest at least $700,000, the governor’s office said. Virginia competed against Maryland for the project. In 2020, Intact relocated its headquarters from Greenbelt, Maryland, to Reston. The company was […]
Manassas shopping center sells for $19.45M
The Portsmouth Station Shopping Center in Manassas has sold for $19.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 147,305-square-foot shopping center is 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The property has two multitenant buildings and a corporately leased 7-Eleven outparcel. Falls Church-based Petroleum Marketi[...]
NoVa biz leaders optimistic about recovery
Northern Virginia businesses are optimistic about economic recovery but are feeling the effects of labor shortages, according to the 2021 Northern Virginia Workforce Index released Wednesday by Northern Virginia Community College and the Northern Virginia Chamber of Commerce. Fifty-one percent of employers said that they felt “somewhat optimistic” and 24% felt “very optimistic” abo[...]
NoVa office space market improves after pandemic disruption
The Northern Virginia office real estate market showed improvement in leasing activity and occupancy loss in the third quarter, following four quarters of disrupted activity, according to a report released by commercial real estate services and investment firm CBRE Group Inc. this week. Gross leasing activity held steady from the second quarter, ending the third […]
DXC moves HQ to Ashburn, shifts to ‘virtual first’
Fortune 500 IT services company DXC Technology is leaving Tysons for a smaller headquarters in Ashburn in November, the company announced this week. DXC’s new 10,000-square-foot building is located at One Loudoun in Ashburn. The new corporate headquarters will reflect the shift to a virtual-first mentality. Employees can work from anywhere and use the office […]
Alpine-X opens crowdfunding campaign to public investors
Alpine-X LLC, a McLean-based indoor snow sports company, announced a crowdfunding campaign to open the stock to public investors. The offering — started on crowdfunding site Republic — allows accredited and non-accredited investors to own a piece of the McLean-based company that is planning a national chain of indoor ski resorts. So far, more than […]
Noblis lands $263M Defense contract
Reston-based not-for-profit federal contractor Noblis has won a five-year, $263 million contract from the Department of Defense’s Defense Threat Reduction Agency to implement the Cooperative Threat Reduction program, the company announced Tuesday. Under the contract, Noblis will deliver advisory services that will advance the CTR program’s mission to work cooperatively with partners an[...]
AMSG promotes COO to CEO
Dumfries-based Advanced Management Strategies Group Inc. has named Jim O’Farrell as its new CEO, effective Tuesday. O’Farrell joined AMSG, a management and technology consulting firm with the Virginia Values Veterans (V3) certification, in 2010 as president and chief operating officer. He replaces Mike McCormick, the company’s founder. O’Farrell has led the AMSG’s gro[...]
