Comstock Inks 35 KSF Lease at DC-Area Tower

Commercial property insurance company FM Global has signed a 32,000-square-foot office lease at 1906 Reston Metro Plaza in Reston, Va.

Owned by Comstock Holding Cos., the tower is part of the Reston Metro Plaza three-building office complex, located within the larger mixed-use Reston Station development.

FM Global joins other tenants such as Qualtrics and Neustar, the latter having signed the 100,000-square-foot lease with Comstock in 2019. Google, Spotify and ICF International also have established headquarters at the Metro Plaza district.

The office complex has access to the Wiehle-Reston East Station, on Metro’s Silver Line. Dulles International Airport is some 8 miles away, while Washington, D.C. is 20 miles southeast.

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As of December, office vacancy in the metro clocked in at 18.5 percent, 60 basis points higher over a 12-month period, a recent CommercialEdge report shows, but was below the 19.8 percent national average rate.

The Reston Metro Plaza office complex

Comstock Holdings Cos. completed the office towers in 2020. A year later, the company secured $350 million in refinancing from Blackstone and DivcoWest.

The 15-story, 150,000-square-foot 1906 Reston Metro Plaza has a LEED Silver certification and is the second office building of the three developments. Designed by architect Helmut Jahn, the 365,000-square-foot 1900 Reston Metro Plaza is the first of the three office towers and features the Spaces. coworking location. The third building is the 1902 Reston Metro Plaza which encompasses 250,000 square feet.

Apart from its office complex, the 90-acre Reston Station also includes residential units, dining and retail spaces. The development is one of the largest mixed-use properties in the Mid-Atlantic region. The ownership plans to deliver this year 500 more residential units and a JW Marriott Hotel & Residences.