In what it characterized as one of the largest industrial lease transactions in the Washington, D.C. metro area this year, Newmark Grubb Knight Frank (NGKF) said Monday that it has completed a 143,440-square-foot lease at Plaza 500 in Alexandria on behalf of Paxton Van Lines Inc.
NGKF Executive Managing Director Larry FitzGerald represented Paxton in its original 107,313-square-foot lease transaction three years ago in Plaza 500. That lease was renewed and expanded by 36,127 square feet.
Earlier this year FitzGerald represented Paxton, based in Springfield, in the sale of 32 acres of land in Manassas for $3.6 million. The site is slated to become the home of a large data center.
