Project Management

There’s been a lot of news recently about the financial pressures facing suburban Chicago commercial office landlords who have financed their office buildings via commercial mortgage-backed securities (CMBS) loans. While the financial challenges these buildings face continue to grab the headlines, there is a much less visible yet greater amount of privately funded commercial office landlords that could be facing dire financial changes over the next couple of years.

Cresa has represented tenant Exostar LLC in its 21,500-square-foot lease at Dulles Metro Center, a 225,029-square-foot, eight-story office building located at 2325 Dulles Corner Boulevard in Herndon, VA.

Efficient lab operations are critical to business continuity in the life sciences community.

Standard Solar, a renewable energy solar manufacturing company, is growing its space in Rockville, Md.

The space was designed as a showplace and “test lab” for workplace planning concepts and allows Cresa to test out new ideas in real time, while at the same time, show clients and visitors alike how workplace planning can impact employee work and productivity.

The disruption of global supply chains has caused ripples throughout the shipping and freight industry. Companies are hoping that 2023 provides some stability.

Mindy Saffer and Jake Ruben of advisory firm Cresa represented Standard Solar, a company that is involved in the development, funding, ownership, and operation of commercial and community solar assets.

Before leasing the Ares Global Management-owned property at 35550 LBJ Freeway, the company underwent a rigorous site selection process and study that took about four months and the touring of five to 10 buildings before signing a deal.