Comstock Companies

Comstock Holding was added to the Russell 3000 Index effective June 29. The Reston, Virginia–based company is an asset manager, developer and operator of mixed-use real estate, and a developer of infrastructure and data centers. Comstock has a market capitalization of $168 million and delivered a 57% stock return last year; the inclusion increases its visibility with institutional investors. » Altro su de.investing.com

Comstock has acquired the 6.77-acre Woodland Pointe office campus in Herndon, Virginia, which includes a six-story, 185,000-square-foot LEED Gold class-A office building, a conference center and a parking garage. The company signed long-term leases with Peraton for the existing building and an additional 100,000-square-foot build-to-suit building; upon completion Peraton will occupy both buildings with nearly 300,000 square feet. The acquisition is part of Comstock’s Institutional Venture Platform, with Comstock acting as the operating partner for institutional co-investors and providing management and development services through subsidiaries. Financial figures in the release highlight that Comstock’s stock rose 123% over the past twelve months and, according to InvestingPro, it has more cash than debt and a very strong financial score. » Altro su de.investing.com

Comstock has signed a lease with Taste Buds Kitchen for 2,600 square feet of retail space in Loudoun Station; Teddra Burgess will run the location. The franchise offers interactive cooking classes and is entering the Washington, D.C. metro area for the first time. Loudoun Station sits on the Silver Line connection and is part of a project with more than one million square feet of mixed-use space; Comstock plans a total portfolio of about 10 million square feet at completion. » Altro su de.investing.com