PARKRIDGE III

Owner

Transwestern Investment Group/Ascento

PARKRIDGE III
RESTON

Transwestern Investment Group/Ascento purchased Parkridge III from TA Realty in 2014, and hired Lincoln Property Company for leasing and management in late 2015. Between 2016-2018, Lincoln Property Company took converted space that had been vacant for 10 years and built out contemporary spec suites, created a tenant lounge and conference room and installed a micro market. Lincoln executed several renewals, and leased 45,000 SF on the 2nd floor, bringing the property to 100% leased in 2019.

Highlights

Market

Reston

Owner

Transwestern Investment Group/Ascento

Size

107,593 SF

Class

B+

Year Built

1987

Typical Floor Size

43,000 SF

WOW FACTORS

LPC Start Date: 2015

Percent Leased (2015): 65%

Asking Rate (2015): $26.00 - $27.00 psf

Percent Leased (2019): 100%

Asking Rate (2019): $29.00 - $30.00 psf

Careers

Join Our Team.

Our expansive history has lent itself to the creation of a cohesive & unique company culture, strong internal support, benefits, and more. Learn what makes a career at Lincoln so rewarding and view open positions today.

View Open Positions
Woman in an office