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1881 Campus Commons Drive

Updated Dec 4, 2024

TF Cornerstone Extends Lease With Quadrant Inc In Reston Office Building
LEASEDOffice

TF Cornerstone Extends Lease With Quadrant Inc In Reston Office Building

1881 Campus Commons Drive

Building Size

23,000 SF

Asset Type

Office

Closing

Mar 20, 2024

About this deal

AI

The lease extension involves a 23,000 square foot office space located at 1881 Campus Commons Drive in Reston, VA. TF Cornerstone, the landlord, has extended the lease with Quadrant Inc, who will continue to operate their global headquarters at this Class A office building.

Summary of transaction details:

The lease extension was facilitated with Paige Barger, Chloe Eyring, Matt Bundy, and Tom Walsh from Cushman & Wakefield representing TF Cornerstone as the landlord. Dan Falls from CBRE served as the tenant's representative, ensuring a smooth transaction for Quadrant Inc maintaining their headquarters in Reston, VA.

Players

Matt Bundy

Cushman & Wakefield

Broker

1 deal

Broker

Reston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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