Cresset Moving DC HQ to Reston Station

Wealth administration agency Cresset is transferring its Washington, D.C. workplace inside Reston, Va.

The corporate has inked a 11,500-square-foot lease on the ninth flooring of 1900 Reston Metro Plaza, a 365,000-square-foot trophy workplace constructing within the Reston Station mixed-use neighborhood.

Cresset plans to maneuver from its present residence at close by 11951 Freedom Drive someday this summer season.

Comstock developed the 16-story constructing in 2017. 

“[Cresset] was drawn to Reston Station for the mix of best-in-class new workplace area, worker entry to public transit on Metro’s silver line, and proximity to onsite eating places and retail facilities,” Tim Steffan, govt vice chairman of leasing, growth and asset administration in Cresset’s actual property arm, advised Business Observer.

The brand new location will present Cresset workers direct entry to the Wiehle-Reston East Metro station, bike paths, quite a few eating places and retail choices at Reston Station. 

The property is located simply 20 miles from downtown D.C., and halfway between Dulles Worldwide Airport and Tysons Nook.

Different tenants embrace Rolls-Royce North America, which occupies 18,000 sq. toes, podcast platform Megaphone, which took 10,000 sq. toes in 2020 and Photo voltaic Winds with 16,349 sq. toes.

JLL represented Comstock within the deal, whereas Cushman & Wakefield dealt with issues for the tenant. 

Requests for remark from Cresset weren’t instantly returned.

Keith Loria could be reached at Kloria@commercialobserver.com.