CHICAGO - BUSINESS WIRE - January 12, 2004
Trizec Properties, Inc. (NYSE:TRZ - News) announced today that Nextel Communications Inc. (NASDAQ:NXTL - News) has agreed to lease One Reston Crescent, in Reston, Va., for 10 years starting in February 2004. The transaction enables Nextel to conveniently expand its corporate headquarters offices, which are located adjacent to the Trizec-owned property.
The six-story, 184,900 square-foot One Reston Crescent is a state-of-the-art suburban office building featuring the advanced mechanical, electrical and cabling systems required by today's businesses. It is located at the intersection of Reston Parkway and Sunrise Valley Drive, with easy access to the Capital Beltway, the Washington-Dulles Toll Road, Route 28 and the Fairfax County Parkway. Dulles International Airport is five minutes away. In addition, the close proximity to the restaurants and shops of Reston Town Center and the W&OD Regional Trail Park make Reston Crescent an ideal work location in Northern Virginia's high technology corridor.
One Reston Crescent was completed in 2000. Two additional buildings can be built on the master-planned phased development site.
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Monday, January 12, 2004
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