NGKF Arranges 143,440 SF Industrial Lease Expansion in Alexandria

ALEXANDRIA, VA. — Newmark Grubb Knight Frank (NGKF) has arranged a 143,440-square-foot industrial lease expansion in Plaza 500, a two-story, 500,800-square-foot industrial property located at 6295 Edsall Road in Alexandria. The owner, First Potomac Realty, signed Paxton Van Lines Inc. to the lease, which increases the moving and storage company’s footprint in Plaza 500 by 36,127 square feet. Larry Fitzgerald of NGKF represented Paxton Van Lines in its original lease at Plaza 500 three years ago and also represented the company in its expansion. Additionally, Fitzgerald represented Paxton Van Lines in its recent $3.6 million sale of 32 acres in Manassas, Va., which is slated to be home to a new data center. With the expansion, Paxton Van Lines is now the largest tenant at Plaza 500.