Washington D.C., December 11, 2024 – An investment affiliate of Bernstein Management Corporation (BMC), a regional leader in real estate investment and management, has expanded its commercial portfolio with the acquisition of Reston Crossing, a 334,142 square foot Class-A office complex on 13.9 acres. It is currently 54% leased and consists of two buildings located at 2001 and 2003 Edmund Halley Drive in Reston, Virginia, just off Reston Parkway and the Dulles Access Road (Route 267). Reston Crossing includes future development potential with entitlements in place for the addition of new office, residential and retail space.
Reston Crossing was built in 1998 and underwent extensive renovations in 2015 that include EV charging stations, lobby improvements, an onsite café with outdoor lounge and fitness center. BMC is also planning to make immediate signage upgrades and add a new conference center. The property offers clients an excellent location for access to tech talent, as well as a direct connection to Metro and the extensive retail and restaurant amenities of Reston Town Center via pedestrian bridge. Additionally, it is adjacent to the Halley Rise mixed-use development which includes Wegmans (opened in 2021) and additional planned development.
Austin Herndon, BMC’s Senior Vice President of Commercial Leasing, explains, “The acquisition of Reston Crossing strengthens our presence in the Reston/Herndon submarket which now totals four class-A office properties along Sunrise Valley Drive and offers exciting opportunities for future growth in what has become one of the Washington metro area’s most dynamic submarkets. With our reset basis and long-term commitment, we are well positioned and capitalized to attract new clients to Reston Crossing.”
In addition to Reston Crossing, BMC’s presence in Reston and Herndon includes 11600 Sunrise Valley Drive, Parkridge I at 10800 and 10802 Parkridge Boulevard and Dulles Corporate Center at 13755 Sunrise Valley Drive in Herndon.
For information about Bernstein Management Corporation, visit bmcproperties.com.
For leasing information, contact Austin Herndon ([email protected]).
About Bernstein Management Corporation
Bernstein Management Corporation (BMC) has been a regional leader in real estate management for more than 70 years. BMC’s investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing on the Washington D.C. metropolitan area, the portfolio currently includes 80+ properties representing over 5,800 residential units and 3.4 million square feet of commercial space including office, retail and industrial assets. BMC’s team of 250 industry experts manage the portfolio with a hands-on, vertically integrated approach. For more information, visit www.bmcproperties.com.