Commercial real estate roundup
- October 27, 2009
Newport News — CH2M Hill of Denver has entered into a contract with Areva to provide construction management, engineering and procurement services for a nuclear components plant under construction next to Northrop Grumman Shipbuilding. Paris-based Areva is building the 330,000-square-foot facility in a joint venture with Northrop Grumman.
Richmond — Branch Banking and Trust Co. (BB&T) has signed a long-term lease for 140,000 square feet of space at Riverfront Plaza. BB&T plans to relocate and consolidate its Richmond-based regional headquarters, brokerage operation Scott & Stringfellow and BB&T Capital Markets into the downtown location. When the lease begins in 2010, more than 500 of the firm’s employees will work in the building. Grubb & Ellis/Harrison & Bates represented BB&T in lease negotiations. Michael Campbell of Dominion Realty Partners represented the building’s owner, Hines U.S. Core Office Fund LP. The 21-story, twin-tower complex is about 95 percent leased. Other tenants include Hunton & Williams, LeClairRyan and the Virginia Economic Development Partnership.
Falls Church — Trimark Corp. has been retained to provide property management and facilities maintenance services for the Elwye Building in Dumfries. The four-story, 45,000-square-foot office building, built in 1989, is owned by Elwye Associates.
Washington, D.C. — Dynamics Research Corp. of Andover, Mass., plans to open a 17,000-square-foot office in the capital city to respond to growing demand for its services. The provider of engineering and technology solutions says Washington is a critical market. It appointed Chuck Schefer as senior vice present and general manager to head up a new management consulting unit that will operate out of the new location.