Boston Properties Negotiating Massive Lease At Reston Town Center

RESTON, VA — Reston Town Center manager Boston Properties is in the midst of negotiating a massive lease for one of their buildings that would bring occupancy to 98 percent, an executive said during BXP's quarterly conference call Wednesday morning.

The unidentified BXP executive said that a lease for 45,000 square feet of space is under negotiation at Discovery Square, which would represent a quarter of all of the space at one of the two office buildings.

Once signed, the lease will bring the property to nearly full capacity. And it's representative of the strength the Reston market continues to show, the executive said.

"There's a number of technology companies looking to expand in Reston Town Center," the executive said. "At Reston Town Center, our new transaction activity has been as robust as it ever has been in our history."

Discovery Square is made up of two 180,000-square-foot office buildings on Sunset Hills Road which were built in 2001.

"Situated on a ten-acre site, these two nine-story Class A office buildings feature visibility from the Dulles Toll Road, parking facilities on two structured garages integrated into each building, as well as adjacent surface parking lots," Boston Properties says on their website.

Image via Boston Properties