Staffing firm leases space in Loudoun
A staffing firm is doubling down on a mixed-used development in Loudoun County.
Cynet Systems has leased for five years a 3,306-square-foot space on the seventh floor at 21000 Atlantic Blvd. in Dulles Town Center. The structure is a seven-story, 184,000-square-foot office building.
Dulles Town Center is a 554-acre mixed-use, master-planned development in Loudoun being developed by Lerner Enterprises, a real estate company based in Rockville, Md.
Lerner developed and owns 21000 Atlantic Blvd. In 2011, Lerner came up with what it called “an enhanced master plan” for Dulles Town Center to add a new urban center there.
Elsewhere in the state, Lerner has a project called City Center Townes under construction in Dulles. The rental townhome community will see the first 30 of its 66 townhomes hit the market in June, according to Lerner.
At 21000 Atlantic Blvd., Cynet Systems is moving into a new space after its lease ends for a roughly 4,000-square-foot space in the same building, says Ashwani “Ash” Mayur.
Mayur says he and Nikhil Budhiraja launched Cynet Systems in 2010. and they now operate as co-CEOs for the company.
Cynet Systems is an IT, engineering and health-care staffing firm. Mayur says the company’s revenue last year was $55 million, but he wants that number to reach $100 million. The company has clients around the U.S. and Canada, says Mayur.
Cynet Systems had been based in Ashburn for four years before last year signing onto a one-year sublease at 21000 Atlantic Blvd., says Mayur. With the clock running out on its current lease, Cynet Systems needed to find a new space. In the end, the company decided to remain in the same building because of its prime location in relation to major roads, says Mayur.
Cynet Systems has 12 employees in its Loudoun office and hopes to expand. Mayur says there is a lot of demand in the staff augmentation world. Cynet Systems originally focused on IT customers and has since been growing its health-care business. Mayur says health-care clients currently make up 10% of the company’s revenue, while engineering provides 15% and IT puts up 75%.
In addition to its Loudoun office, Cynet System has about 250 employees in India and about 25 in the Philippines.
Cynet Systems was represented by Vippy Bhambra of Glomo in the leasing of its new space. 21000 Atlantic Blvd. and Lerner were represented by Andy Klaff and Jeff Tarae of Newmark Knight Frank.