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Fairfax County and Penzance Officials Break Ground on Next-Generation Digital Infrastructure Project to Power the World’s Deep Tech Future

Fairfax County, Virginia – Fairfax County officials and Penzance, a leading Mid-Atlantic real estate investment and development firm, today celebrated the groundbreaking of a next-generation digital infrastructure project that will enhance the world’s digital backbone, strengthen Northern Virginia’s global competitiveness, and deliver more than 60 acres of new public green space for community use. Designed for hyperscale demand and maximum energy efficiency, the project marks Penzance’s largest digital infrastructure investment to date and sets a new standard for sustainability and scale in hyperscale digital infrastructure development.

Unizo sells Capitol Hill office building for $24 million less than it paid for it

PZRE2019-11-26T00:49:56+00:00March 26th, 2019|Daniel J. Sernovitz|Washington Business Journal|

An affiliate of Unizo Holdings Co. Ltd. has sold a 12-story office building in Capitol Hill for $24.5 million less than it paid for the property less in 2016.

The Tokyo-based real estate investor sold 50 F St. NW Tuesday for $85 million to an affiliate of Penzance Cos., according to the D.C. Recorder of Deeds. Unizo bought the 266,907-square-foot building in fall 2016 for $109.5 million as part of a larger buying spree. The sales price amounts to roughly $318 a square foot.

Here’s what Penzance has planned for 555 Herndon Parkway

PZRE2019-11-26T00:49:56+00:00February 2nd, 2019|Katie Arcieri|Washington Business Journal|

For years, District-based Penzance has planned a three-building mixed-use development on company-owned land near the Herndon Metro station.

Now, we have a better understanding of what the project at 555 Herndon Parkway will look like.

Penzance is out with new renderings for its proposed office, retail and residential development across a 4.3-acre site one-tenth of a mile from the Metro entrance.

New condos and apartments in Arlington County could draw Amazon HQ2 workers

penzancesite2019-08-14T21:04:14+00:00November 27th, 2018|Michele Lerner|The Washington Post|

A condo development that was already in the pipeline in Arlington County, Va., might get an uptick in interest from people seeking to relocate to the Washington area for Amazon’s second headquarters in Crystal City.

Construction is underway at the Highlands, a residential and retail community around 1555 Wilson Blvd. When completed, which is anticipated to be in 2021, the Highlands will include three residential high-rise towers, a new fire station, a new street, 50,000 square feet of amenity space, 40,000 square feet of ground floor retail space and a newly redeveloped Rosslyn Highlands Park.

They might have renamed Rosslyn, too. And more details from Virginia’s HQ2 pitch.

penzancesite2019-08-13T20:39:43+00:00November 15th, 2018|Michael Neibauer|Washington Business Journal|

The Virginia piece of Amazon.com Inc.’s second headquarters, we now know, will be located in “National Landing,” a rebranded amalgam of Crystal City, Pentagon City and Potomac Yard.

National Landing was a formal part of the commonwealth’s pitch to Amazon. But, did you know, so was “Capital View”? And what is Capital View? That would apparently be Rosslyn and its immediate surrounds.