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Old Posted Aug 31, 2010, 2:13 PM
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Dulles Corridor office building owners struggle with high vacancy rates (Wash Post)

Interesting article although this is a bit further west than Tysons.

Dulles Corridor office building owners struggle with high vacancy rates

By Jonathan O'Connell
Monday, August 30, 2010
Washington Post

"Ask Brad Cole what he is doing to attract tenants to the empty Dulles Corridor office building that he is marketing and he will tell you: "Praying. Going to church on Sunday."

Cole represents Walker and Co. in its efforts to lease 1 Dulles Corridor, a 216,000-square-foot office at 10740 Parkridge Blvd. in Reston that is, by all accounts, a very nice new building. Built in 2008, it is visible from the Dulles Toll Road and less than 10 miles from both Washington Dulles International Airport and Reagan National Airport. Cole said Northrop Grumman and Hilton Worldwide, two Fortune 500 companies, both considered 1 Dulles Corridor for their new headquarters before choosing other Fairfax County sites.


Photo courtesy of the Washington Post
Vacant buildings in the Dulles airport area dot the landscape on August, 24,2010. This building is located at 10740 Parkridge Blvd, Reston,VA . Photograph made on August 24, 2010 in Reston,VA. ( Photo by Jeffrey MacMillan ) (Jeffrey Macmillan - Jeffrey Macmillan For Washington Post)

Unlike other buildings in the campus, which have tenants such as Qwest Communications and the law firm Jackson Lewis, Walker and Co. hasn't found takers for the new building at the right price. It used to be, "Building delivered. Building was leased," said Cole, who lives in Reston. "This time, building was delivered and two years later, building is not leased."

"It just amazes me that we're not doing a little better because of what a wonderful place it is to live and work," he said..."

http://www.washingtonpost.com/wp-dyn...hpid=sec-metro
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