Trizec Properties announced that Nextel Communications Inc. agreed to lease One Reston Crescent, in Reston, Va., for 10 years starting in February 2004.
The value of the transaction was not disclosed.
The six-story, 184,900-square-foot One Reston Crescent is a suburban office building located at the intersection of Reston Parkway and Sunrise Valley Drive.
The transaction enables Nextel to conveniently expand its corporate headquarters offices, which are located adjacent to the Trizec-owned property.
One Reston Crescent was completed in 2000. Two additional buildings can be built on the master-planned phased development site.
Chicago-based Trizec Properties Inc. (NYSE: TRZ) is a real estate investment trust.
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