Monday Properties Signs 38K SF Tenant At 1812 North Moore
Cerner Corp., a Kansas City, Missouri-based healthcare technology company with over 40 offices worldwide, has signed on for 38K SF at 1812 North Moore.
The lease, first made public in CBRE's Q1 office market report, follows Monday Properties' early 2017 deal with Nestlé to anchor the building with a 250K SF lease, moving its U.S. headquarters from Glendale, California. The developer delivered the 390-foot-tall, 537K SF building in 2013, and it sat vacant for four years before landing a tenant.
Cerner has not had a presence in the D.C. region; its closest office is in the Philadelphia suburbs. The $5.1B company was founded in 1979 and trades on the Nasdaq with the symbol CERN.
Monday Properties has also been active on the acquisition front. The firm late last month closed deals on two buildings in Herndon and Alexandria for a combined $109.4M, the Washington Business Journal reported.
Near Herndon's planned Innovation Center Metro station, Monday acquired Dulles Metro Center, a 225K SF office building, for $71.5M from a JV of The Pinkard Group and Principal Real Estate Investors. Monday also bought Cameron Run, a 145K SF building at 3601 Eisenhower Ave. in Alexandria, for $38M from The Meridian Group. The deals were the first two to be completed by Wes Machowsky, the new D.C. acquisitions head Monday hired from Transwestern in September.