REGIONAL VIEW northern virginia


Amazon scoops up more NoVa land by Stephenie Overman


Northern Virginia. In January, the company


A


bought 6.2 acres in Arlington County, the location of HQ2, for $154.95 million. Accord- ing to county records, Acorn Development LLC, an Amazon subsidiary, bought the land from JBG Smith Prop- erties, from which it leases its current HQ2 buildings. The e-tailer has a policy


against sharing its plans for properties, but Buddy Rizer, the executive director of Loudoun County’s economic development department, says he expects Amazon Data Services, also known as Vadata, to use 100 acres it bought last December in Loudoun to build three or four data centers. H&M Gudelsky Asset


Management LLC sold the land to Vadata for $73 mil- lion, well over the assessed value of nearly $3.5 million, according to Loudoun


FOR THE RECORD


In late February, Amazon.com Inc. signed a lease with its HQ2 landlord and developer JBG Smith Properties for the Arling- ton building that has served as Public Broadcasting Service’s headquarters since 2006. Amazon expects to move into the 272,000-square-foot space at 2100 Crystal Drive by the end of the year. PBS plans to move to a 120,000-square-foot office at 1225 S. Clark St. by mid-2020. (VirginiaBusiness.com)


Arlington-based E-Trade Finan- cial Corp. will be purchased for $13 billion under an agreement with Morgan Stanley, the New York City-based wealth manage- ment company. The companies announced the agreement, set


Photo courtesy Perspecta


County. The land is zoned Mineral Resource/Heavy Industry. Vadata also pur- chased a 2.4 million-square- foot site just across the border in Fairfax County. In October, Vadata paid


a reported $54 million for 57 acres owned by Perspecta Enterprise Solutions LLC, an affiliate of Perspecta Inc., according to Fairfax County land records. The property is zoned for industrial develop-


to close in the fourth quarter of the year, in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition, which is subject to approval by E-Trade shareholders. The online banking service has more than 5.2 million client accounts and $360 billion in retail client assets, while Morgan Stanley has three million accounts and more than $2.7 trillion in client assets. (VirginiaBusiness.com)


Inova Health System plans to open a new health care facility on part of Oakville Triangle, giving another try to the 13-acre site on Richmond Highway in Alexandria across from the Virginia Tech Innovation Campus. Inova has signed an agreement with Stone-


nother quarter, another Amazon.com Inc. buying spree in


president of marketing and corporate communications. Office workers at the


Originally installed by H. Ross Perot’s company, this bronze eagle statue will move to Perspecta’s headquarters.


ment and is home to a build- ing constructed in the 1980s for Electronic Data Systems, the company founded by the late H. Ross Perot, and now used by Perspecta, a spinoff company that shares much of EDS’ DNA. Outside sits a gigantic bronze and iron eagle, which will be moved to Perspecta’s headquarters in Chantilly’s Stonegate II office park, says Lorraine Corcoran, the company’s vice


bridge Associates and Carras Partners to anchor the long- planned development, but details are still being worked through, said Doug Firstenberg, principal at Stonebridge, in March. (Wash- ington Business Journal)


Reston-based government and defense technology contractor Science Applications Interna- tional Corp. (SAIC) completed its acquisition of Reston-based federal government information technology services contractor Unisys Federal on March 13 for $1.2 billion in cash. The acquisi- tion brings Unisys Federal’s cloud migration services to SAIC and adds 2,000 employees to the company’s 23,000-person workforce. SAIC serves defense, space, civilian and intelligence clients. (VirginiaBusiness.com)


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Herndon building, part of Perspecta’s corporate division, will move to a building under construction at the Plaza East II business park at state Route 28 and Westfields Boulevard in Fairfax County, not far from their headquar- ters. Move-in day is expected to be sometime in late April or May, Corcoran says. “There’s such nostalgia and leg- acy in that particu-


lar location, so there are a lot of bittersweet feelings about leaving that building,” she adds. “We know what an important role that location has played in the history of the company.” Nonetheless, time


marches on. “There are still several hundred acres in Lou- doun where data centers would be appropriate, so we still have a long way to go,” Rizer says.


A long-awaited report on Washington Metropolitan Area Transit Authority’s Silver Line by its inspector general lays out several significant concerns with the extension of rail service to Washington Dulles International Airport and Loudoun County. The report, released in early March, leaves the ultimate decision on how to proceed to Metro leaders, doing little to clear up when the line might open. Signaling software has been of major concern since a 2018 Metro- politan Washington Airports Authority audit, but there were few changes made, the report found. The airports authority hired the contractors building the Silver Line, but Metro will eventually take ownership and run the trains. (WTOP)


PEOPLE


Gregory Washington, the dean of the Uni- versity of California, Irvine’s Henry Samueli School of Engineering, will become the eighth


president of George Mason Uni- versity on July 1. He takes over from former state Secretary of Education Anne Holton, who has served as the university’s interim president since August 2019, when former GMU President Ángel Cabrera left to become president of Georgia Tech. Washington has spearheaded initiatives to encourage children to pursue STEM careers and to help community college students transfer to four-year universities. (VirginiaBusiness.com)


VIRGINIA BUSINESS | 17


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