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A new lease from the federal government is taking an Alexandria office building that PRP purchased vacant in 2018 to 60% leased.
The Department of Defense signed for 46K SF at 4825 Mark Center Drive, the D.C.-based landlord announced. Cushman & Wakefield‘s Scott Johnston brokered the deal.
The eight-story property is one of a pair that PRP purchased nearly six years ago for $40M after they went through foreclosure.
The buildings are within the mixed-use Mark Center corporate park in west Alexandria. The buildings sit at the intersection of Seminary Road and Interstate 395, next to the Hilton Alexandria Mark Center.
The DOD is moving from Falls Church’s Skyline Towers, which couldn’t accommodate the department’s growth needs, PRP President Paul Dougherty told Bisnow. The federal government’s leasing arm, the General Services Administration, didn’t respond to a request for comment before publication.
