8050 Piney Branch Ln, Bristow, VA 20136
WR’s property management division, WR Management, LLC (“WRM”), continued the relationship providing the property management services for the building and assisted SES with a major overhaul and remodeling of their new facility. The relationship continued as it was apparent by their investment and commitment to remain and grow in the PWC area, that their expansion here was imminent.
In 2018, WR was engaged by Millennium Construction to list the property at 8050 Piney Branch Ln. which they had purchased as it was being vacated by Aerojet Rocketdyne (who had occupied the building for decades). WR worked with the SES Luxembourg firm for 12 months to solidify a long-term lease for the satellite company to expand and consolidate its US operations.
When talks ended with no lease agreement in 2019, a pivot was made focusing on a sale and purchase by the group. WR engaged PWC Economic Development to aide in the process an provide incentives to bring 200+ new jobs to the area.
The 43,200 SF 2-story office building on 4.96 acres zoned M-1; Heavy Industrial sold on April 30, 2021 for $5,900,000 ($136.57/SF).