Strayer Will Move to Herndon

CB Richard Ellis said Monday morning that Strayer Education is consolidating its headquarters at Dulles Station East, a new building that sits along the Dulles Toll Road in 2010.

The company is currently based in Arlington.

Why should we care? The 12-year lease should help to moderate the surge of empty office space that the Reston and Herndon market saw in the third quarter. The Dulles area has seen empty buildings rise as a wave of office buildings financed during the boom completes.

The deal also shows that some companies are willing to commit to a deal even in the midst of a rough economy. Strayer will take 105,000 square feet of space, gobbling up the fourth, fifth and sixth floors of the building, which was built by Herndon-based developer Crimson Partners.

By Alejandro Lazo  |  November 10, 2008; 9:39 AM ET  | Category:  Economy Watch , Real Estate
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