The Velsor Companies

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Defense contractors are continuing their migration to Southeast D.C. Northrop Grumman, GRC International, Technology Service Corp., Electronic Innovators and Sherikon signed leases to move into 80 M St. SE. With these five tenants, the 268,000-square-foot building is 70 percent leased. The companies are moving there to be closer to the Naval Sea Systems Command, which is moving its headquarters there from Crystal City in Arlington. ... MIE Properties, one of Baltimore's largest developers, is expanding to Loudoun County. The firm's first project is to build about 1 million square feet of flex/high-tech space on Waxpool Road in Ashburn. ... New York-based Argent Ventures bought 14560 Lee Road, a 80,000-square-foot office/flex building for $5 million. Velsor Properties owned the building for the past two years. Rita Robison of Spaulding & Slye and Neil Cramsey of Transwestern/Carey Winston represented the seller. Eirik McLaughlin and Brad Cole of Grubb & Ellis represented the buyer.

Matthew Weinstock can be reached at (703) 816-0331 or by fax at (703) 875-2231. E-mail: mweinstock@amcity.com


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