Skip to content
Learn How KBS is Creating Safe Work Environments
kbs logo
  • Investors
    • KBS Capital Markets Group
  • Properties
  • News & Insights
  • About Us
  • Contact

    Our Offices

    Corporate Headquarters

    800 Newport Center Drive, Suite 700
    Newport Beach, CA 92660

    (949) 417-6500

    info@kbs.com

    Washington DC Office

    3003 Washington Boulevard, Suite 950
    Arlington, VA 22201

    (202) 822-1230

    Facebook-f Twitter Linkedin-in Instagram
    Corporate Headquarters
    800 Newport Center Dr., Suite 700 Newport Beach, CA 92660
    info@kbs.com
    (949) 417-6500
    New York Office
    590 Madison Avenue, 26th Floor New York, NY 10022
    (212) 644-6662
    Washington, DC Office
    3003 Washington Boulevard, Suite 950, Arlington, VA 22201
    (202) 822-1230
    Contact Us
    KBS is an SEC-registered full-service investment adviser adept in various property and product types.
Learn How KBS is Creating Safe Work Environments
kbs logo
ArtboardCreated with Sketch.
Press Releases

KBS Signs Long-Term Lease Renewal at 186,922 SF NAIOP Award-Winning Office Building in Herndon, Virginia

  • June 1, 2021
Press Releases

KBS Signs Long-Term Lease Renewal at 186,922 SF NAIOP Award-Winning Office Building in Herndon, Virginia

  • June 1, 2021
Newmark negotiated the lease on behalf of KBS.

KBS, one of the largest investors in commercial real estate, has signed a lease renewal with the anchor tenant at Dulles Station East, a 186,922 square-foot, NAIOP award-winning Class A office building in the metro Washington D.C. suburb of Herndon, Virginia. Newmark, a global commercial real estate services firm, negotiated the lease on behalf of KBS.

This transaction demonstrates tenants’ ongoing desire for premier office space as we emerge from the COVID-19 pandemic, according to Marc DeLuca, Eastern regional president for KBS.

“Since inception, KBS has been closely attuned to trends among tenants in the office sector,” says DeLuca. “Demand for office space has remained strong at the properties in our portfolio and will likely be further bolstered by rising confidence as vaccinations become more widely available. This, coupled with workers’ increasing desire to return to the workplace after more than a year of remote work, positions the office market for greater strength in the coming months.”

The lease renewal agreement, which extends the tenant’s occupancy at Dulles Station East I, reinforces the strength of the building’s amenities and incredibly easy access to the Washington metro area, says Stephen Close, asset manager for Dulles Station East I and senior vice president, acquisitions for KBS.

“KBS goes the extra mile to accommodate our tenants regardless of the economic climate,” says Close. “Our ability to attract new tenants and support existing tenants is a testament to our strength as an operator and to the appeal of the buildings in our portfolio.”

Steve Hoffeditz, Wes Evans and Ed Clark of Newmark represented KBS in the 33,102 square-foot lease renewal.

“This transaction proves once again that tenants are consistently drawn to KBS for its operation of best-in-class office buildings,” says Hoffeditz, executive managing director. “Dulles Station East is one of the most desirable office properties for companies in the Herndon, Virginia market, offering tenants unmatched service and amenities.”

Located minutes from Dulles International Airport, Dulles Station East is a six-story, Class A office building. Tenant amenities at the site include a fitness center, food delivery service, coffee bar, an outdoor patio, EV car-charging stations, a car-care station, nearby day care center, shopping, dining, entertainment, walking trails and public transportation. The new Innovation Center Silver Line Station expected to open in early 2022 will be walkable from the building.

Dulles Station East I is located at 2303 Dulles Station Boulevard in Herndon, Virginia. Please click here for photos of Dulles Station East.

Media Contact

Lexi Astfalk or Jenn Quader

Brower Group
(949) 438-6262
KBS@brower-group.com

Ginny Walker

Public Relations Manager for KBS
949-417-6535
gwalker@kbs.com

Brandon Levesque

Newmark Media Contact
212-655-0614
brandon.levesque@ngkf.com

More Articles

Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
Industry Trends

Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
See All
Our Company
  • Investors
  • Properties
  • News & Insights
  • About KBS
Resources
  • Premier Office Magazine
Get in Touch
Facebook-f Twitter Linkedin-in Instagram
  • Careers

© 2023 KBS

  • Terms & Conditions
  • Privacy Policy
  • Home
Investors
  • KBS Capital Markets Group
  • Properties
  • News & Insights
  • About Us
Contact Us
  • Corporate Headquarters
  • New York Office
  • Washington, DC Office