Comstock Secures FM Global Lease at Reston Station
Comstock Holding Companies (Nasdaq: CHCI) has announced a new 32,000-square-foot office lease with FM Global at 1906 Reston Metro Plaza in Reston Station. FM Global, an international commercial property insurance and loss prevention company operating in over 130 countries, joins other notable tenants at the development including Google, ICF International, and Spotify.
Reston Station is a 90-acre mixed-use development located around the Wiehle-Reston East Station on Metro's Silver Line. The development currently houses over 2,000 residents and features Trophy-Class office buildings. Plans for expansion in the current year include the addition of 500+ new residential units, new dining and entertainment options, and Virginia's first JW Marriott Hotel & Residences.
Comstock Holding Companies (Nasdaq: CHCI) ha annunciato un nuovo contratto di locazione per un ufficio di 32.000 piedi quadrati con FM Global presso il 1906 Reston Metro Plaza a Reston Station. FM Global, una compagnia internazionale di assicurazione commerciale per proprietà e prevenzione delle perdite operante in oltre 130 paesi, si unisce ad altri affittatari di spicco nello sviluppo, tra cui Google, ICF International e Spotify.
Reston Station è uno sviluppo misto di 90 acri situato intorno alla stazione Wiehle-Reston East della Silver Line della Metro. Attualmente, lo sviluppo ospita oltre 2.000 residenti e presenta edifici per uffici di classe Trophy. I piani di espansione per l'anno in corso includono l'aggiunta di oltre 500 nuove unità residenziali, nuove opzioni di ristorazione e intrattenimento, e il primo JW Marriott Hotel & Residences della Virginia.
Comstock Holding Companies (Nasdaq: CHCI) ha anunciado un nuevo contrato de arrendamiento de oficina de 32,000 pies cuadrados con FM Global en 1906 Reston Metro Plaza en Reston Station. FM Global, una compañía internacional de seguros de propiedad comercial y prevención de pérdidas que opera en más de 130 países, se une a otros inquilinos destacados en el desarrollo, incluyendo Google, ICF International y Spotify.
Reston Station es un desarrollo de uso mixto de 90 acres ubicado alrededor de la estación Wiehle-Reston East en la Línea Plateada del metro. Actualmente, el desarrollo alberga a más de 2,000 residentes y cuenta con edificios de oficinas de clase Trophy. Los planes de expansión para el año en curso incluyen la adición de más de 500 nuevas unidades residenciales, así como nuevas opciones de restauración y entretenimiento, y el primer JW Marriott Hotel & Residences de Virginia.
Comstock Holding Companies (Nasdaq: CHCI)는 Reston Station의 1906 Reston Metro Plaza에서 FM Global와 함께 32,000 제곱피트의 새로운 사무실 임대 계약을 발표했습니다. FM Global은 130개국 이상에서 운영되는 국제 상업 재산 보험 및 손실 방지 회사로, Google, ICF International, Spotify 등의 다른 저명한 임차인들과 함께 개발에 참여합니다.
Reston Station은 메트로 실버 라인의 Wiehle-Reston East 역 주변에 위치한 90에이커의 복합 용도 개발입니다. 현재 이 개발은 2,000명 이상의 거주자를 수용하고 있으며, 트로피 클래스 사무실 건물을 자랑합니다. 현재 연도의 확장 계획에는 500개 이상의 새로운 주거 단위 추가, 새로운 식사 및 오락 옵션, 그리고 버지니아 최초의 JW Marriott 호텔 및 레지던스가 포함됩니다.
Comstock Holding Companies (Nasdaq: CHCI) a annoncé un nouveau bail de bureau de 32 000 pieds carrés avec FM Global au 1906 Reston Metro Plaza dans Reston Station. FM Global, une compagnie d'assurance commerciale internationale et de prévention des pertes opérant dans plus de 130 pays, rejoint d'autres locataires notables du développement, y compris Google, ICF International et Spotify.
Reston Station est un développement mixte de 90 acres situé autour de la station Wiehle-Reston East sur la ligne Silver du métro. Le développement abrite actuellement plus de 2 000 résidents et dispose de bureaux de classe Trophy. Les projets d'expansion pour l'année en cours comprennent l'ajout de plus de 500 nouvelles unités résidentielles, de nouveaux choix de restauration et de divertissement, ainsi que le premier JW Marriott Hotel & Residences de Virginie.
Comstock Holding Companies (Nasdaq: CHCI) hat einen neuen Büromietvertrag über 32.000 Quadratfuß mit FM Global in der 1906 Reston Metro Plaza in Reston Station angekündigt. FM Global, ein internationales Unternehmen für gewerbliche Immobilienversicherungen und Verlustprävention, das in über 130 Ländern tätig ist, gesellt sich zu anderen namhaften Mietern in der Entwicklung, darunter Google, ICF International und Spotify.
Reston Station ist eine 90 Hektar große Mischentwicklung, die sich rund um die Wiehle-Reston East Station der Silver Line der Metro befindet. In der Entwicklung leben derzeit über 2.000 Einwohner, und es gibt Trophy-Class Bürogebäude. Die Expansionspläne für das laufende Jahr umfassen die Hinzufügung von über 500 neuen Wohneinheiten, neuen Gastronomie- und Unterhaltungsmöglichkeiten sowie das erste JW Marriott Hotel & Residences in Virginia.
- Secured new 32,000-square-foot lease with major tenant FM Global
- Existing prestigious tenant roster includes Google, ICF International, and Spotify
- Planned expansion with 500+ new residential units and JW Marriott Hotel
- None.
Insights
The signing of FM Global for a substantial 32,000-square-foot lease at Reston Station represents a significant strategic win for Comstock. This transaction strengthens the property's income stability and tenant diversification in multiple ways:
The lease demonstrates continued demand for Trophy-Class office space in transit-oriented developments, despite broader market challenges in the office sector. FM Global's addition brings a new industry vertical to the development, complementing existing tech and consulting tenants like Google, ICF International and Spotify. This diversification helps mitigate sector-specific risks in the portfolio.
The development's momentum is particularly noteworthy with its expansion plans, including:
- 500+ new residential units
- Virginia's first JW Marriott Hotel & Residences
- New dining and entertainment venues
These mixed-use elements create a self-reinforcing ecosystem that should drive foot traffic and enhance property values. The presence of major corporate tenants typically leads to premium rental rates and stronger lease terms, positively impacting Comstock's revenue streams and asset values.
The strategic location around the Wiehle-Reston East Station, combined with the 90-acre scale of the development, positions Reston Station as a dominant mixed-use hub in the mid-Atlantic region. The ability to continue attracting blue-chip tenants validates Comstock's development strategy and suggests strong potential for sustained growth in property income and valuations.
Commercial Property Insurance Leader Coming to 1906 Reston Metro Plaza
FM Global is one of the world’s largest and most experienced commercial property insurers, serving businesses in over 130 countries that span across a variety of industries. With an innovative approach to risk management that is centered on engineering and technology, FM Global delivers customized, cutting-edge insurance solutions to help each of its clients create long-term resilience and keep their businesses growing.
The addition of FM Global enhances Reston Station’s impressive roster of commercial tenants that already includes well-respected industry leaders in technology, consulting, and now risk management. The diverse mix of forward-thinking companies with offices at Reston Station reinforces its reputation as a hub for innovation in the region.
“We are proud to have FM Global join the Reston Station community,” said Tim Steffan, Chief Operating Officer at Comstock. “They bring unparalleled expertise and a long-standing reputation as a pioneer in their industry, which fits in perfectly with the growing list of world-class organizations that call Reston Station home.”
Reston Station is among the largest mixed-use developments in the mid-Atlantic region, spanning 90 acres around the Wiehle-Reston East Station on Metro’s Silver Line. It features Trophy-Class office buildings that serve as national or regional headquarters for Google, ICF International, Spotify, and more. Reston Station is currently home to more than 2,000 residents and includes a diverse array of premier dining and retail options. The development is scheduled to expand rapidly this year, including the delivery of over 500 new residential units, exciting new dining and entertainment offerings, and Virginia’s first JW Marriott Hotel & Residences. For more information, please visit RestonStation.com.
About Comstock
Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the
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Source: Comstock Holding Companies, Inc.
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