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Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Inova Ambulatory Surgical Center sells for $5.5M
The Inova Ambulatory Surgical Center in McLean has sold for $5.5 million, according to Cushman & Wakefield. The property was sold by Barlow Corp. to BAPPU LLC. The center includes two medical office condos totaling 9,925 square feet on the fourth floor of a larger medical office building totaling 70,055 square feet. The buil[...]
Woodbridge medical building sells for $5.2M
The Virginia Gastro Health Woodbridge building has sold for $5.2 million, according to Cushman & Wakefield. The 17,988-square-foot medical office building at 14010 Smoketown Road in Woodbridge is 92% leased to five tenants and anchored by Gastro Health. The building was renovated in 2010. It is located near Sentara Northern [...]
Recent commercial real estate transactions around Virginia
S.L. Nusbaum Realty announced that HM Management LLC has purchased a 35,355-square-foot former assisted living facility on 0.45 acres located at 501 N. Allen Ave. in Richmond from Care GSL Richmond PropCo LP for $3.5 million. Nathan Shor handled the transaction. Cushman & Wakefield | Thalhimer announced the sale of 3750 Progress Road in Norfolk. […]
GTT Communications files for Chapter 11 bankruptcy
McLean-based telecommunications company GTT Communications Inc. announced this week that the company and some subsidiaries had filed prepackaged Chapter 11 cases. The close of GTT’s estimated $2.15 billion sale of its infrastructure division to Miami-based I Squared Capital on Sept. 16 allowed GTT to move forward on its bankruptcy cases, which it and some subsidiaries […]
Blue Ridge Bank, FVCbank merger delayed
The merger of Charlottesville-based Blue Ridge Bankshares Inc., the parent company of Blue Ridge Bank, and Fairfax-based FVC Bankcorp Inc., the parent company of FVCbank, will be delayed, the companies announced this week. The two regional companies announced the merger, which would create a $5 billion combined company, on July 14. The expected closing at […]
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 […][...]
Fairfax-based ICF acquires health care data management company
Fairfax-based management consulting firm ICF International Inc. has acquired Rockville, Maryland-based data management and health care information technology provider ESAC Inc., or Enterprise Science and Computing, the company announced Tuesday. Financial details of the transaction were not disclosed. Founded in 2006, ESAC’s 40-person team works on data coordination centers, big data integration and visualization, algorithm [&hell[...]
AT&T wins $182M contract with USAID
Oakton-based AT&T Public Sector and its FirstNet public safety wireless communications platform won a 10-year, $182 million task order from the U.S. Agency for International Development (USAID), if all options are exercised, the company announced Tuesday. The agreement was awarded via the General Service Administration’s Enterprise Infrastructure Solutions contract. USAID leads the government’s international development [...]
Leidos wins $531M Air Force task order
Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a potentially $531 million task order from the Air Combat Command (ACC) Acquisition Management and Integration Center (AMIC), the company announced Monday. Under the single-award, firm-fixed price task order, Leidos will support ACC intelligence, surveillance and reconnaissance (ISR) operations, providing subject matter expertise, mitigation support, intelligence [&[...]
Blackboard completes merger with Fla. company
Reston-based education technology company Blackboard Inc. and Boca Raton, Florida-based Anthology Inc. higher education software company announced Oct. 25 that they had completed their merger. Financial details of the transaction were not disclosed. Anthology will be the parent company of the combined organization, with the Blackboard name remaining as a brand. Anthology has more than […]
Northrop Grumman wins $109M Air Force contract modification
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. received a $108.8 million U.S. Air Force contract modification, the U.S. Department of Defense announced Friday. Under the contract, Northrop Grumman provides sustainment for the RQ-4 Global Hawk, a high-altitude, long-endurance, unmanned aircraft. The modification provides for a second year of contractor logistics support […][...]
