SPRINGFIELD CORPORATE CENTER

Location

Springfield, VA

Owner

MRP/Artemis

MRP AND ARTEMIS REALTY PARTNERS
SPRINGFIELD

MRP and Artemis Realty Partners purchased Springfield Corporate Center in October, 2013. In partnership with the Lincoln team, Ownership implemented a capital improvement plan that included a robust renovation of the lobby, common corridors, bathrooms, elevator cabs, and HVAC. The plan also included a full build out of a state-of-the-art fitness center. The Lincoln team has successfully signed 95,000 sf of leases since MRP/Artemis Realty Partners initial purchase.

Highlights

Springfield

Market

Owner

MRP/Artemis

Size

136,672 SF

Class

B

Year Built

1988

Year Renovated

2014

Typical Floor Size

29,462 SF

WOW FACTORS

LPC Assignment Date: November, 2013

Percent Leased (2013): 65%

Asking Rate (2013): $26.00 - $28.00 psf

Percent Leased (2017): 85%

Asking Rate (2017): $28.00 - $30.00 psf

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