Thursday, July 26, 2012

QinetiQ signs lease in Reston - The Business Journal of the Greater Triad Area:

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As the incoming lead tenant inthe 196,00p0 square-foot Class A office building at 11091 Sunsert Hills Road in Reston, its 11-year lease starts later this year. McLean-baseed QinetiQ North America, a subsidiaryg of London-based QinetiQ that offers technology-based defense and securityy products and services to the saidits 42-percent revenue growth over its last fiscapl year has partly been due to its role in the intelligencr and cyber security markets and new work with the Departmeng of Homeland Security and NASA. It will be the fifthu U.S. office for the company, whicn is also in Fairfax, Huntsville, Ala. and Mass.
The tenant was represented by Robb Johnson andDee MacDonald-Millefr of Jones Lang LaSalle. Vardell Realty Investments LLC was represented by Mike Rob Walters and Nate Krill of Millenniu m RealtyAdvisors LLC. 400 program management-type employees be relocating from variouds offices in Fairfax County into theRestoj building. Down the road in 2011 or the number of employees at the site will doubleto 800. Out of the 400 moving in, 75 will be part of QinetiQ’xs technology solutions group and the other 325 will be part of its missiosolutions group. “Like any company trying to attracty andretain high-quality we were looking for more than just a building.
This buildinb has environmentally-friendly features the new generation of employees islooking for,” said Matthew director of public relations at QinetiQ. He said the building will also help cut down onoverhead “b y a great deal,” with expecterd savings of 65 to 70 percentt on power consumption through the use of virtualizationh software and green technology to reducs heating and utility costs. He adds that the building sits righg off a bike trail and was built onan east-to-westg access, which means employees can take advantage of a full day of sunlightt and cut down on electricity.

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