Lincoln Property Company is pleased to announce that CGI Federal, among the largest independent IT and business consulting services firms in the world, has signed a lease totaling 26,821 square feet at 12701 Fair Lakes Circle located in Fairfax, Virginia. CGI will be joining Argon/Boeing as a tenant in the building with a lease that will bring the property to 80% occupancy. Lincoln Property Company’s Doug McLearn, Neil Alt, and Correll Caufield represented the landlord, Grubb Properties, and Newmark Knight Frank’s John Henschel and Chet Rao represented CGI Federal in this transaction.
12701 Fair Lakes Circle is a part of the Fair Lakes mixed-use community located at the interchange of I-66 and Fairfax County Parkway and was recently acquired by Charlotte, North Carolina-based Grubb Properties, the company’s first commercial acquisition in the Washington, D.C. metro area. This transaction represents Grubb Properties’ first major completed lease since acquiring the property in May of 2018. Grubb Properties has committed $4.4 Million to renovate the property’s main lobby, fitness center, and deli and includes the construction of a conference center, tenant lounge on the first floor, and an outside patio.
“We are delighted to have CGI as a tenant in 12701 Fair Lakes Circle to accommodate a new requirement for them in a key location next to their headquarters. We are looking forward to the completion of the on-site common area improvements currently under construction that will greatly benefit CGI and other tenants, helping create a better working environment for those organizations and their employees” said Joe Dye, executive vice president of commercial, of Grubb Properties.
Additional tenant leasing announcements will be made in the coming weeks.
About Lincoln Property Company
Lincoln Property Company, founded in 1965, is a Dallas, Texas based global real estate company with offices in more than 450 cities in the United States and ten cities throughout Europe. As a one of the largest privately held, full-service real estate firms in the U.S., it provides real estate investment and acquisition, property management, engineering and facilities management, development, construction management, and brokerage services worldwide. Lincoln Property Company has offices in all major markets of the U.S. and throughout Europe and currently has $30 billion in total assets under management and has developed 138 million square feet of office, residential and industrial space. For more information on Lincoln Property Company, please call 202.513.6700 or www.lpcwashingtondc.com
About Grubb Properties
Grubb Properties, founded in 1963, creates exceptional real estate environments and provides premier customer service for our residents and tenants through the repositioning of apartment communities and office buildings and the development of multi-family communities through our nationally trademarked Link Apartments® brand. Our fully integrated management team identifies strategies that create longterm value for our clients. Grubb Properties’ growth is primarily funded through real estate investment funds with long-term horizons. People who care. Places that matter. For more information, visit www.grubbproperties.com.
