Riverside Research is relocating its Washington, D.C.-based business operations to Fairfax, Virginia, in September.
This move is part of the company’s strategy to centralize Northern Virginia operations and accommodate growth. It involves merging its current facility in Arlington, Virginia, with its Centreville, Virginia, office.
The new 38,707-square-foot facility in Fairfax is strategically located to sustain Riverside Research’s proximity to government contracting and business activities, the company said.
The facilities will accommodate the execution of work for Riverside Research’s customers in unclassified and cleared areas. It will also support Riverside Research’s Open Innovation Center and house its Commercial Innovation Center.
“Our new, consolidated Fairfax location ensures close proximity to many of our government customers, and underscores our ongoing commitment to innovation on behalf of the Department of Defense and Intelligence Community,” said Steven Omick, president and CEO of Riverside Research.
The move also represents $14.7 million in lease dollars over the next 10 years, with a $7.5 million capital improvement investment from the company. The facility will house 55 high-tech jobs, $9.1 million in overall annual salary, and add an estimated 60 new high-tech jobs.
In its new location, Riverside Research will join the Central Fairfax Chamber of Commerce and remain a member of the Northern Virginia Chamber of Commerce.
