Noblis Leases 160,000 SF in Reston
- Jan 30, 2015
Noblis Inc. is moving its headquarters to Reston. The nonprofit science, technology and strategy organization has signed a lease with The JBG Cos. for 160,000 square feet of space in two buildings on Edmund Halley Drive, adjacent to the future Reston Town Center Metro station.
The two companies made the announcement last Thursday. Noblis will occupy the entire Summit I property and a portion of Summit II. With this 160,000-square-foot lease, the Summit development is 99.5 percent occupied.
According to PropertyShark, JBG purchased the two buildings in 2011 for a total of $50.5 million. Together, Summit I and II offer more than 300,000 square feet of space. JBG has renovated the buildings to LEED Silver standards. They now include new elevator cabs, energy-efficient HVAC systems, a state-of-the-art fitness center and more. The Summit development is also the winner of NAIOP’s 2013 Northern Virginia Awards of Excellence for best building renovation and capital improvement.
Paul Adkins, a JBG principal, said that landing a full-building lease in Reston is a notable success. The region’s office market is very competitive, with many large blocks of office space available.
Rob Faktorow, Terry Reiley and David Ritchey of CBRE represented JBG in the transaction. Robb Johnson, Steve Ranck and Joe Judge of JLL represented Noblis.
Photo credit: The JBG Cos.