News & Press

Cambridge Property Group LLC, on behalf of UBS Global Asset Management, is pleased to announce that Booz Allen Hamilton, Inc. has signed a lease to take the balance of the available space at Dulles Overlook, 575 Herndon Parkway in Herndon, Virginia. Dulles Overlook, is a five story, 135-376-square-foot building owned by an investment fund advised by the US real estate business of UBS Global Asset Management. Booz Allen Hamilton, Inc. will take possession of 112,078 rentable square feet representing eighty-two percent (82%) of the building. The property is adjacent to the Herndon/Monroe Metro Station, which is scheduled to be completed by 2016, and this transaction affords ownership with an exceptionally creditworthy tenant in Booz Allen Hamilton, Inc. while preserving ownership’s ability to redevelop the site when the new station is completed.

Miami, Florida - DEA South Fl. LLC has closed on its land purchase and construction financing for its GSA Build to Suit of a Regional Testing Laboratory for the Drug Enforcement Administration. DEA South Fl. LLC, a joint venture of Galaxy Investments and Halle Enterprises, retained Herndon, Virginia based Cambridge Development Group to perform all the development services for the project. Cambridge previously built the Special Testing Laboratory for the DEA near Dulles Airport in 2001. Cambridge has a well established track record in doing GSA build to suits having completed six special purpose facilities in the last eight years.