PUBLICATION: GLOBE NEWSWIRE
RESTON, Va., Aug. 01, 2022 (GLOBE NEWSWIRE) — Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”) and DivcoWest announced today two new leases at the Hartford Building, located in the Clarendon neighborhood of Arlington, Virginia. Greystar, a leader in the investment, development, and management of high-quality rental housing properties, will occupy 10,166 sq. ft., and DFS Construction, an Arlington-based construction company, has leased 11,869 sq ft.
“We are thrilled to join the Hartford Building and the larger Clarendon and Courthouse community,” said John Clarkson, Managing Director for Greystar. “As a local developer, investor, and manager, we greatly value the area’s access to transportation, amenities, and great schools and the building’s high quality professional experience. We look forward to maintaining our long-term presence in Northern Virginia as a tenant in the Hartford.”
Comstock acquired the Hartford building in 2019 in a joint venture with Comstock Partners, LC, an affiliated private company, and DivcoWest, a vertically integrated investment firm headquartered in San Francisco, California. The 9-story, Class-A building is located at 3101 Wilson Blvd., adjacent to the Clarendon Station on Metro’s Orange Line in Arlington, Virginia. The 211,450 square foot office building with street-level retail is currently 88%+ leased to multiple high-quality tenants.
“We are extremely excited for our expansion in Clarendon to the Hartford building,” said Robert DiGiovanni, Principal, DFS Construction. “Our longstanding relationship with Comstock Companies and DivcoWest made this trophy building an easy choice for our new offices.”
The Hartford Building is situated in the heart of Clarendon’s transit-oriented and mixed-use, office and retail corridor that features Whole Foods, Trader Joe’s, Apple, Barnes & Noble, and Sephora, along with a variety of local restaurants such as Green Pig Bistro, Ambar, Bakeshop, and CIRCA at Clarendon. East Coast Coffee & Wine recently opened in the Hartford Building, further increasing dining options in the vibrant Clarendon submarket and providing an additional in-building amenity.
Speaking on behalf of the joint venture, Timothy J. Steffan, Chief Operating Officer for Comstock, said, “We are delighted to welcome Greystar and DFS Construction to the Hartford Building. These leases represent significant growth in our office leasing at the property, which continues to attract quality tenants.”
There is an ongoing renovation and enhancement program for the Hartford Building that includes the build out of a shared conference center along with other common area enhancements slated for completion in 2023. The Hartford Building and its commercial parking garage are managed by Comstock’s Commercial Management and ParkX Management teams… READ MORE.