PRP, a leading real estate company, has recently secured a 15-year lease with the US General Services Administration for 4825 Mark Center Drive in Alexandria, VA. This move brings the property to an impressive 60% occupancy rate. The eight-floor building is located in the highly sought-after Mark Center submarket and boasts a total of 220,000 square feet of space. With features such as spacious column spacing (40′ x25′), high ceilings (10′), and large floorplates (27,000 square feet), this property is sure to attract top tenants.
According to PRP’s president Paul Dougherty: “We are delighted to have secured this long-term lease during a time when new leasing activity in Northern Virginia is scarce.” He further added that their acquisition of the previously vacant building has resulted in six signed leases so far. In addition to this latest deal with US General Services Administration, PRP is also actively negotiating with potential medical office and retail tenants who will bring new life into this submarket of Alexandria.
This recent development at 4825 Mark Center Drive highlights PRP’s expertise and success in securing high-profile leases for their properties. Stay tuned for more exciting updates from Connect CRE!
