Comstock Signs FM Global Lease at Reston Station
Comstock Holding Companies, Inc. (Nasdaq: CHCI), a leading developer, asset manager, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, has announced the signing of a new 32,000-square-foot office lease with FM Global at 1906 Reston Metro Plaza, located within the renowned Reston Station development. This new lease marks a significant milestone for both companies and adds another prestigious tenant to Reston Station’s diverse roster of commercial occupants. FM Global, a global leader in commercial property insurance and loss prevention, brings its world-class expertise and reputation to an already impressive mix of industry leaders at the development.
FM Global is one of the largest and most experienced commercial property insurers in the world, providing insurance solutions to businesses in over 130 countries. The company’s innovative approach to risk management—focused on engineering and technology—has set a high standard for the industry. FM Global’s customized solutions help businesses create long-term resilience, minimizing their risks and enabling them to continue growing even in the face of unforeseen challenges. This aligns perfectly with the forward-thinking, innovative atmosphere at Reston Station, which has quickly become a leading hub for technology, consulting, and other industries at the forefront of business development.
Tim Steffan, Chief Operating Officer at Comstock, expressed his enthusiasm about FM Global’s decision to join the Reston Station community. “We are proud to have FM Global join the Reston Station community,” Steffan said. “They bring unparalleled expertise and a long-standing reputation as a pioneer in their industry, which fits in perfectly with the growing list of world-class organizations that call Reston Station home.” This sentiment highlights the shared values of innovation and leadership between Comstock and FM Global, which will undoubtedly benefit both companies as they work together within the same dynamic, forward-looking environment.
Reston Station is widely recognized as one of the largest and most ambitious mixed-use developments in the mid-Atlantic region. Spanning 90 acres around the Wiehle-Reston East Station on Metro’s Silver Line, it offers an exceptional blend of office, residential, retail, and recreational spaces that make it a highly sought-after location for businesses and residents alike. Reston Station features Trophy-Class office buildings that serve as national or regional headquarters for prestigious companies such as Google, ICF International, and Spotify. These organizations, which are leaders in their respective industries, have helped cement Reston Station’s status as a premier destination for businesses seeking a modern, highly connected, and innovative environment.
Beyond its commercial offerings, Reston Station also includes over 2,000 residential units, making it a vibrant, mixed-use community that seamlessly blends work and life. The development boasts a diverse range of premier dining, retail, and entertainment options, ensuring that both residents and workers have access to an enriching and convenient lifestyle. The location’s proximity to the Metro Silver Line allows for easy connectivity to the broader Washington, D.C. metropolitan area, further enhancing its appeal for businesses and individuals looking for accessibility and convenience.
As Reston Station continues to expand, the development is poised to deliver even more residential units, as well as new dining, entertainment, and commercial offerings. This year, the development is expected to see the delivery of over 500 new residential units, along with Virginia’s first JW Marriott Hotel & Residences. These additions will continue to strengthen Reston Station’s position as one of the premier mixed-use developments in the region, offering even greater opportunities for both business and leisure.
The leasing of office space to FM Global further enhances the development’s already impressive tenant roster. FM Global’s decision to establish a 32,000-square-foot office at Reston Station underscores the development’s appeal to companies across various industries, particularly those in technology, consulting, and risk management. The addition of FM Global highlights the region’s growing prominence as a destination for high-profile businesses, as well as its commitment to fostering innovation and resilience.
Comstock’s vision for Reston Station aligns with the larger trend of urban transformation in the Washington, D.C. metropolitan area, where transit-oriented developments are becoming increasingly desirable. With a portfolio comprising approximately 10 million square feet of development assets at full build-out, Comstock is strategically positioned to capitalize on this trend. The company’s mixed-use and transit-oriented properties are located near key Metro stations, offering businesses and residents unparalleled access to public transportation and a wide array of amenities.
Reston Station’s commitment to innovation, sustainability, and connectivity has attracted a wide range of businesses, all of which contribute to the development’s reputation as a hub for forward-thinking companies. In addition to the large-scale corporate tenants already in place, Reston Station also offers space for smaller businesses and startups, helping to foster a dynamic and diverse business community. The mix of tenants at Reston Station reflects the region’s growing role as a center for technology, consulting, and other knowledge-based industries, which in turn drives demand for cutting-edge office spaces that are conducive to collaboration and innovation.
The addition of FM Global to Reston Station reinforces the development’s status as a leading destination for companies seeking state-of-the-art office spaces in a connected, innovative environment. As the development continues to grow and evolve, it will continue to attract top-tier tenants, cementing its place as one of the most prominent mixed-use properties in the region.
