News and notes from Reston (tm).

Thursday, March 19, 2009

Reston's Vibrant Economy Part 37: Ten-Hut!

Perhaps you've driven down Reston's one official signposted "Scenic Byway," which takes you from the historic 7-11 on Sunset Hills and past some scenic apartment buildings and a fake wetland to within eyeshot of the Macaroni Grill. Along with the 'ole distillery, you may have noticed the fancy manor house and office complex hidden discretely on one side of the road. We always assumed they were some sort of CIA skunkworks where they trained operatives in the fine arts of assassination and cocktail party etiquette, but now both have been sold, for real, to some military types.

Army & Air Force Mutual Aid Associates purchased the Boxwoods Office Campus in Reston, VA, from Linden Development for about $16.1 million, or $400 per square foot.

The deal includes a three-story, 40,000-square-foot office building, and several adjacent non-commercial buildings, including a manor house. The office is on five acres and was completed in 1986. Army & Air Force Mutual Aid plans to occupy at least half of the property this year.
Never fear. The aforementioned distillery's still on the market if you want to grab a piece of Reston's most scenic road. At $1.6 $1.2 million, it's a steal! And the 5am bugle calls next door will be completely free.

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