Newest Building in Ashburn Crossing Finds First Two Tenants

The new leases are the first at 21240 Ashburn Crossing Drive, the newest building in the park. The 43,620-square-foot property, which is slated to open later this year, is now 36 percent leased.

Excel Courier, which provides same-day delivery and logistics services throughout the mid-Atlantic region, is taking 10,080 square feet in the building. The company, which is based in Sterling, Va., plans to move 30 employees to the new office, where it will house its courier services and back-office operations.

Fastsigns, a sign and graphics company, is taking 5,520 square feet in the building. Its previous landlord sold the building housing operations, so the company is relocating from the Herndon, Va., area, according to a statement. 

“The most recent leasing activity involves companies relocating to Ashburn Crossing from buildings in surrounding business communities,” Matt Holbrook, regional partner for St. John Properties, said in a statement. “We believe a portion of this movement may be attributed to the displacement of tenants, and precipitated by data centers acquiring buildings for their own purposes.”

Earlier this month, three other tenants signed at Ashburn Crossing, with E2 Optics, Olive Innovation Technology and AVI-SPL taking a combined 50,000 square feet.

Danny Foit of St. John Properties represented the landlord in both leases. Chase Stewart of KLNB represented Fastsigns Herndon, and Leland Middleton of Savills represented Excel Courier in their respective leases.

Update: This story originally misattributed source material. This has been corrected. We apologize for the error.

Keith Loria can be reached at Kloria@commercialobserver.com.