Village at Leesburg today announced that new office tenant, eTitle Agency, Inc. (eTitle), has opened in approximately 14,000 square feet of office space in the 1602 block of Village Market Boulevard.
Online PR News – 05-June-2011 – – LEESBURG, Va. (May 23, 2011) – Village at Leesburg today announced that new office tenant, eTitle Agency, Inc. (eTitle), has opened in approximately 14,000 square feet of office space in the 1602 block of Village Market Boulevard. The 106,000 square foot Class “A” office building is now approximately 35% leased and located toward the northwest portion of the mixed use development.
Brad Davis of CB Richard Ellis represented eTitle in the transaction. Rich Vaaler and Chuck LaRock of Sperry Van Ness/Vaaler Real Estate, the exclusive commercial real estate brokerage firm for the office space for lease in Village at Leesburg, assisted in the negotiation as well.
Founded in 2000, eTitle is headquartered in Troy, Michigan and specializes in title and closing services for residential, commercial and Real Estate Owned (REO) property transactions. The well-known company offers personalized, efficient and cost-effective services including title insurance, title curative, flexible closing schedules, tax bill coordination and recording.
“It was a huge coup for us to attract a tenant of the size and quality of eTitle,” said John Fainter, vice president of development for the project. “We look to draw businesses that will complement and enhance the project as a community destination. eTitle has continued to grow in the area and is known to take great pride in its community; therefore, they definitely fit the bill. We are truly excited to see them take the next step and join Village at Leesburg.”
“Our amenity base of quality retailers, restaurants and apartments for lease makes Village at Leesburg an appealing place for businesses to locate, as it helps attract and retain key employees. Office tenants like being located adjacent to places where they can dine, shop, exercise and enjoy themselves after work,” said John Fainter.
The center includes a roster of twenty-four retailers now open including Wegmans Food Markets, LA Fitness, AT&T, Charming Charlie, Coldwater Creek, Crystal Brite Cleaners, Eggspectation, Faang Sushi & Thai Restaurant, Flame Kabob, Frilly Frocks, Hamilton’s Sofa & Leather Gallery, Hour Eyes, Katie’s Nails & Spa, King Pinz, Massage Envy, Neibauer Dental Care, Noodles & Company, Potomac River Running, Salon Montage, Sleepy’s, The Dandelion Patch, Tiny Toes Dance Academy, Travinia Italian Kitchen, Verizon Wireless and Wachovia Bank. Additional signed tenants that are expected to be operational by year-end are Cobb Theatre, Pinkberry, Finnegan’s Irish Pub, Firebirds Wood Fired Grill and G5 Salon.
Village at Leesburg is a vertically-integrated, four-story village which features approximately 520,000 square feet of retail space, combined with 150,000 square feet of office product and 335 luxury multi-family residences. The residential component is complete and all units are available for rent. Approximately 98% of the units already have been leased. A Cypress Equities company* is developing the commercial components of the project and Kettler is developing the residential component. The Carlyle Group is the lead equity partner in the development, and KLNB Retail is handling the leasing of the retail sections.
Village at Leesburg encompasses 57 acres and combines traditional planning and design characteristics – including an open-air shopping center component – with an upscale urban feel. Luxury multifamily residences complement the office and retail uses.
More than 198,500 consumers reside within a 10-mile radius of the project with an average household income exceeding $128,000. The project may be accessed by the new interchange bridging VA Route 7 and Crosstrail Boulevard.
About eTitle Agency, Inc.
Headquartered in Troy, Michigan, eTitle was founded in 2000 and provides title and closing services for residential, commercial and REO property transactions throughout Delaware, District of Columbia, Maryland, Massachusetts, Michigan, New Hampshire, Rhode Island and Virginia. eTitle offers personalized, efficient and cost-effective services including title insurance, title curative, flexible closing schedules, tax bill coordination and recording. For more information, visit www.etitleagency.com.
About Cypress Equities
Founded in 1995, Cypress Equities companies* have offices in Dallas, Atlanta, San Francisco, New York and Fort Lauderdale. Today, Cypress Equities companies are developing and/or managing more than 6 million square feet in projects throughout the U.S. and Caribbean, consisting of community and power centers, as well as vertically integrated mixed-use villages that incorporate retail, residential, hotel and offices. Visit www.cypressequities.com for more information.
*The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.
Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and property management companies based in the DC metro area and one of the nation’s top multifamily developers. The firm’s diverse business model has led to the delivery of five million square feet of commercial space and over 50,000 homes in its master-planned communities. Kettler’s rental portfolio includes high-end, market rate, affordable and fee managed assets, and the management company has been awarded the Pillars of the Industry Award. Currently, Kettler is developing commercial, resort and transit-oriented mixed-use projects. For more information visit www.Kettler.com
For additional information:
Randa McMinn Karen Kossow
Cypress Equities Kettler