Comstock Holding Companies, Inc. (NASDAQ: CHCI) saw its shares dive Monday. The company, a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the signing of multiple leases with Booz Allen Hamilton, Inc. (NYSE:BAH) to occupy the entire nearly-finished building located at 1870 Reston Row Plaza and multiple floors in the recently completed adjacent building located at 1800 Reston Row Plaza. The combined leases cover over 310,000 square feet, a to-be-built enclosed bridge that will connect the seventh floors of the two buildings, and expansion options.
The two LEED Silver, Trophy-office towers are situated in The Row at Reston Station, the second of five planned phases of Comstock’s award-winning Reston Station development. The buildings were designed by HKS Architects, with interior common spaces designed by Michael Graves Architecture.
Booz Allen joins a dynamic roster of leading global and national companies already located at Reston Station. Its workforce will benefit from a modern, walkable neighborhood filled with cafés, restaurants, fitness and wellness providers, retail, and on-site services.
To quote CEO Chris Clemente, “We are extremely proud that Booz Allen has chosen Reston Station for its global headquarters.
“Comstock is focused on creating extraordinary places where people can live, work, gather, and connect. Booz Allen’s decision reinforces the strength of that vision and Reston Station’s appeal to leading employers.”
Shares in CHCI dipped $2.44, or 15.7%, to $13.09. while BAH shares slipped 26 cents to $82.65.
Related Stories
