Reston Town Center Lands 100K SF Headquarters Lease
IT firm Peraton announced Thursday it will relocate its headquarters to Reston Town Center, the latest in a series of leasing wins for the development.
The company leased 100K SF at 1875 Explorer St., shifting its headquarters from Herndon. A spokesperson said it will maintain a "robust presence" in Herndon and in its other offices in the D.C. region, where it has a total of 5,000 workers.
"After spending the last six months focused on integration activities, we are now ready to move forward in 2022 as One Peraton," Peraton CEO and Chairman Stu Shea said in a statement.
Peraton currently leases office space in Herndon, Chantilly, Arlington, Rockville and Annapolis Junction. The D.C. region is home to roughly 5,000 of its 19,000 employees.
In the release, Peraton announced the new headquarters would include a Mission Capability Innovation Center, which would include "both physical and virtual working environments."
Peraton has more than 150 office locations nationwide, thanks in part to its recent acquisitions of Perspecta and Northrop Grumman's integrated mission support and IT solution business this year.
Shea told the Washington Business Journal in June that the rapidly growing company would re-evaluate its office footprint as the coronavirus pandemic changed work habits. The new headquarters represents the first major decision of Peraton's multi-year review.
Transwestern's Joe Ritchey and Alex Hancock represented the landlord, Boston Properties, in brokering the deal.
The landlord signed another tenant in the building this summer in StarKist, which announced it would move to the D.C. region from Pittsburgh and closed on a 24K SF lease in June.
Reston Town Center landed the biggest office deal in the region last year when Microsoft announced it would lease 400K SF in the development. The lease brought new jobs and square footage to Virginia during the pandemic, which Gov. Ralph Northam said "couldn't [have] come at a better time."