12:00 PM
Newmark today announced that it has been awarded the exclusive office leasing assignment for CRC at Metrowest, a mixed-use development directly adjacent to the Vienna-GMU metro station in Fairfax, Virginia. This ten-acre project, located at 9500 Saintsbury Drive south of I-66 and west of Nutley Street, can accommodate up to 250,000 square feet of office space. Additionally, the project will feature approximately 50,000 square feet of retail space and up to 900 multifamily units in the high-density core of this transit-oriented development. As the only remaining office development that is walkable to the Vienna Metro station, CRC at Metrowest will be an ideal headquarters location with visibility to over 175,000 vehicles per day on I-66.
“We are excited to engage Newmark to market the office component of our project,” said CRC Companies’ Managing Director Jay Sotos. “This mixed-use, pedestrian friendly development will provide the design flexibility and amenities to accommodate the needs of both established headquarter requirements and emerging businesses.”
Newmark’s Executive Managing Directors Andy Klaff, Ed Clark and Steve Hoffeditz as well as Managing Director Jeff Tarae will represent CRC Companies in marketing and leasing the office space.
“CRC at Metrowest offers office users a transit oriented project with ample amenities that will assist corporations in attracting and retaining valuable employees. With the flexibility of building sizes, we can design and construct a building that provides a unique branding opportunity,” said Newmark’s Klaff.
About CRC Companies LLC
CRC Companies includes a collection of national, award-winning real estate, construction, and asset management firms. Grounded in a 100-year heritage of assured performance, we are operations experts with deep experience in originating, running, and sustaining large assets for the long term. CRC’s people see purpose beyond the built environment, creating value - and improving lives - through superior execution, innovative operations, and a passion for creating positive change in communities. Together with our related companies, CRC’s diverse portfolio includes more than $7 billion in development experience across residential, retail, mixed-use, commercial, and land developments, and spanning more than 60 projects, 38,000 residential units, 10,000 acres of land, and 50 million SF. For more information, visit www.crccompanies.com.
About Newmark
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing, corporate advisory services, consulting, project and development management, property and corporate facilities management services, valuation and advisory services, and capital markets services provided through its Newmark Capital Markets brand. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.