CRESA Washington DC Negotiates 11,138-Square-Foot Headquarters Expansion For PAE In Arlington County’s Court House Neighborhood
Cresa Washington DC, a corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated services, announces that it has negotiated on behalf of PAE in an 11,138-square-foot lease expansion at 1320 N. Courthouse Road in Arlington County’s Court House neighborhood.
In this long-term transaction, Cresa Washington DC Managing Principal Tom Birnbach and Senior Vice President Dennis Tapiero represented PAE, a defense contractor that provides integrated services to support missions around the world.
Cresa Washington DC’s Project Management Services is providing project-management services for PAE’s expansion.
About a year ago, Birnbach and Tapiero negotiated for PAE in its new 71,122-square-foot headquarters lease at 1320 N. Courthouse Road, which allowed the company to consolidate its D.C.-area work force from four separate offices into one centralized location.
With this latest deal, PAE will take the remainder of the 7th floor that it doesn’t already occupy. PAE also has the entire 8th floor, bringing its total square footage at 1320 N. Courthouse Road – including the new space – to 82,260.
“We’re extremely pleased to have completed this expansion for PAE at its corporate office in the Court House section of Arlington County,” Birnbach says. “From an operating-efficiency standpoint, it made sense for our client to lease the rest of the 7th floor at 1320 N. Courthouse Road, providing it with additional room to further grow in the future.”
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio/Lease Administration, Capital Markets, Sustainability, Industrial/Supply Chain and Facilities Management. With more than 55 offices, Cresa is North America’s largest tenant representation firm. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. Cresa Washington DC exclusively serves tenants through its offices in Bethesda, the District of Columbia and McLean. For more information, visit www.cresa.com.