Automotive Data Hub to Be a part of Reston’s Premier Combined-Use, Transit-Oriented Growth
RESTON, Va.–(BUSINESS WIRE)–Comstock Holding Firms, Inc. (Nasdaq: CHCI) (Comstock), a number one asset supervisor, developer, and operator of mixed-use and transit-oriented properties within the Washington, D.C. area, introduced right now the signing of a lease settlement with CARFAX (NYSE: SPGI), at 1906 Reston Metro Plaza, a part of the Reston Station improvement. CARFAX will occupy roughly 87,000 sq. ft throughout 3 flooring within the constructing, additional solidifying Reston Station as a hub for distinguished companies and trade leaders.
CARFAX offers trusted info that helps thousands and thousands of individuals store, purchase, service and promote vehicles with extra confidence. Identified for its complete car historical past database and groundbreaking management in automotive info providers, CARFAX continues to steer the trade in delivering useful insights and options to shoppers and companies alike. CARFAX expects to finish the transfer to this new area by the top of 2025.
We’re thrilled to announce the relocation of our company headquarters to Reston Station. This transfer marks a pivotal second in our firm’s journey, offering us with a dynamic area that can function the inspiration for our subsequent section of development, mentioned Invoice Keen, CEO of CARFAX. This transfer underscores our dedication to supply a collaborative work setting so Crew CARFAX can create revolutionary, new merchandise that meet the wants of thousands and thousands of shoppers.
Reston Station is among the many largest mixed-use developments within the mid-Atlantic area, spanning 90 acres across the Wiehle-Reston East Station on Metro’s Silver Line. It options Trophy-Class workplace buildings that function nationwide or regional headquarters for Google (NASDAQ:), ICF Worldwide (NASDAQ:), Spotify (NYSE:), and extra. Reston Station is presently dwelling to greater than 2,000 residents and features a various array of premier eating and retail choices. The event is scheduled to develop quickly this 12 months, together with the supply of over 500 new residential models, thrilling new eating and leisure choices, and Virginia’s first JW Marriott Resort & Residences. For extra info, please go to RestonStation.com.
We’re excited to welcome CARFAX to Reston Station, mentioned Timothy Steffan, Chief Working Officer of Comstock. The addition of a dynamic know-how firm like CARFAX to our rising roster of trade leaders additional cements Reston Station as a hub for innovation and enterprise within the Washington, D.C. area. We’re proud to have met CARFAX’s wants for an in-office workforce and sit up for welcoming their workforce later this 12 months. This partnership reinforces Reston Station’s repute because the premier vacation spot for company headquarters, providing a collaborative setting, top-tier facilities that embody various eating, leisure, retail, and housing choices, all with direct Metro entry within the coronary heart of the neighborhood.
About CARFAX
CARFAX, a part of S&P International Mobility, helps thousands and thousands of individuals on daily basis confidently store, purchase, service and promote used vehicles with revolutionary options powered by CARFAX ® car historical past info. The skilled in car historical past since 1984, CARFAX offers CARFAX Automotive Listings, CARFAX Automotive Care, CARFAX Historical past-Primarily based Worth and the flagship CARFAX Car Historical past Report back to shoppers and the automotive trade. CARFAX owns the world’s largest car historical past database and is nationally acknowledged as a prime office by The Washington Submit. Store, Purchase, Service, Promote “ Present me the CARFAX ®. S&P International Mobility is a division of S&P International (NYSE: SPGI). S&P International is the world’s foremost supplier of credit score scores, benchmarks, analytics and workflow options within the international capital, commodity and automotive markets.
About Comstock
Based in 1985, Comstock is a number one asset supervisor, developer, and operator of mixed-use and transit-oriented properties within the Washington, D.C. area. With a managed portfolio comprising roughly 10 million sq. ft at full build-out and together with stabilized and improvement property strategically situated at key Metro stations, Comstock is on the forefront of the city transformation happening within the fastest-growing segments of one of many nation’s greatest actual property markets. Comstock’s developments embody a few of the largest and most distinguished mixed-use and transit-oriented tasks within the mid-Atlantic area, in addition to a number of large-scale public-private partnership developments. For extra info, please go to Comstock.com.
Supply: Comstock Holding Firms, Inc.
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