Industries

For the Record - Northern Virginia, November 2010

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CACI Inc., an Alexandria-based technology company, received a five-year, $40 million contract, including options, from the National Archives, to continue assisting with the digitizing of the Archives collection and making it available to the public online. (Washington Business Journal)

Cardinal Bank, a Tysons Corner-based financial holding company, received a superior rating from BauerFinancial Inc. in its analysis of the bank’s condition. (News release)

Corporate Office Properties Trust of Columbia, Md., bought a 233,000-square-foot data center in Manassas from Power Loft LLC for $115 million. The 20-acre site is 16 percent leased. COPT also entered into a joint venture with Power Loft founder James F. Coakley to develop the site through Powerloft Services LLC. (Washington Business Journal)

The Small Business Administration has lifted its suspension of Herndon-based GTSI Corp., allowing the company to pursue new contracts with the federal government. But the company’s agreement with the SBA resulted in the resignations of its CEO, Scott W. Friedlander, and general counsel, Charles E. DeLeon. The SBA suspended GTSI on Oct. 1 while the agency investigated the company’s involvement in a federal contract intended for small businesses. (News release)

The Prince William Chamber of Commerce has selected a site for its headquarters.  The newly formed business organization will occupy the second floor of 9720 Capital Court near the Manassas Airport. The Prince William Chamber is the result of a merger between the Prince William County-Greater Manassas and Prince William Regional chambers of commerce. (News release)

Smith-Midland Corp., a Midland-based contractor, won a design award from the Precast Concrete Institute for the $20 million Hahn Hurst basketball practice facility at Virginia Tech. (Business Wire)

TNS Inc., a Reston-based provider of data communications services, plans to undertake a $50 million repurchase program of its common stock over the next 18 months. The company made the move to maximize stockholder value. (Business Wire)

VeriSign Inc., a technology company moving its headquarters from California to Northern Virginia, leased 221,000 square feet of office space at the Reston headquarters of SLM Corp., also known as Sallie Mae. VeriSign will move into the space in 2011 after SLM moves its headquarters to Delaware. VeriSign’s 15-year lease will cost an estimated $106 million. (Washington Business Journal)


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