Newmark today announced the lease of 20,358 square feet to Redfin Corporation at 14155 Newbrook Drive in Chantilly, Virginia. Redfin will occupy the entire third floor of the office building, which is located in the prestigious Westfields Corporate Center.
Redfin is relocating within the Chantilly submarket to expand and upgrade its office space. The new space at 14155 Newbrook Drive provides a full floor opportunity and prominent signage on the building. The building is undergoing renovations including the addition of a new shared conference facility, fitness center, common area upgrades and tenant lounge which will provide daily food options. The amenities will deliver in early 2019. The property is managed by The RMR Group LLC, an alternative asset management firm with approximately $30 billion of assets under management, including more than 1,700 properties, as of June 30, 2018.
Known as Newbrook II, the 77,427-square-foot building is located across the street from the newly developed Field at Commonwealth, a 28-acre mixed-use development that features a Wegman’s grocery store, Cava Grill, Mellow Mushroom and other desired retail and dining.
“Newbrook II offers an exceptional value for tenants, including ample amenities, efficient space and a great location,” said Newmark Executive Managing Director Andy Klaff. “We are thrilled to represent The RMR Group in this transaction, and to expand Redfin’s presence in the Chantilly submarket.”
Klaff and Managing Director Jeff Tarae represented The RMR Group in the transaction. Redfin was represented by Hughes Marino and the Ezra Company.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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