TekSynap, an IT services provider specialising in federal agencies, has secured a long-term lease for 26,500 square feet at BXP's Reston Town Center in Northern Virginia. TekSynap focuses on cloud integration, cybersecurity, software development and IT modernisation services for civilian, defence and intelligence agencies. The Reston-based company will relocate from its current address at 1900 Oracle Way to the second floor of 11921 Freedom Drive, less than a mile away.
The new office space will accommodate TekSynap's core team and, as the company describes, serve as a digital nerve centre for its operations. TekSynap employs approximately 1,800 staff, including subcontractors. This deal highlights the continued appeal of Reston Town Center, a 5 million square foot mixed-use campus owned by BXP, for office space.
Erin Cotter, Vice President of Office Leasing at BXP, commented on the transaction: "TekSynap's move to Reston Town Center demonstrates the demand for work environments that combine high-quality office space with a vibrant, amenity-rich setting." Kam Jinnah, CEO of TekSynap, stated that the relocation reflected his company's rapid expansion in government technology, particularly as artificial intelligence reshapes information technology.
Jinnah added that the company's growth has been achieved through technical excellence, responsiveness, and an unwavering commitment to client missions. He described the leasing of this significant space in the heart of Reston Town Center as a major milestone for his company. Cole Spalding of Newmark represented TekSynap in the lease and announced the completion on Monday.
Reston Town Center encompasses approximately 50 retailers, over 30 restaurants, and a newer expansion adjacent to the Silver Line Metro station. This expansion includes two office towers, the 39-storey Skymark apartment tower, dual-branded Marriott Hotels, and 60,000 square feet of retail space.
In the second quarter, BXP finalised leases for approximately 1.8 million square feet across its portfolio. Company executives attributed a decline in net income partly to the planned sale of Sumner Square in Washington, D.C. BXP has also placed six properties totalling 240 million USD under contract for sale, including two office buildings in the District, as part of its portfolio realignment strategy.
