PRESS RELEASE - PRINCE GEORGE’S COUNTY ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES HALVIK LEASE SIGNING OF 80,000 SQUARE FOOT FACILITY IN GREENBELT

Prince George’s County Economic Development Corporation Announces Halvik Lease Signing of 80,000 Square Foot Facility in Greenbelt

The information technology company joins growing ecosystem of IT companies in Prince George's County

LARGO, MD; March 31 2023 -Prince George's County Economic Development Corporation (PGCEDC) is excited to announce that Shaw Real Estate LLC and Halvik have executed a lease for 80,000 square feet of class A office space at 7601 Ora Glen Drive in Greenbelt, MD.

"PGCEDC is proud to expand the technology footprint in Prince George's County with Halvik," said David Iannucci, PGCEDC President & CEO. "The IT sector is an important factor in the economic development stratosphere, and we are dedicated to bringing more economic opportunities to the County. This is yet another example of why Expansion Starts Here."

PGCEDC is working with the Department of Permitting, Inspections, and Enforcement (DPIE) to expedite the necessary permits. Cushman & Wakefield represented The Tenant, and Danac Realty Advisors represented The Landlord.

"We are excited for our growing tech sector community," said Mayank Kapur, PGCEDC Director of Business Development, IT & Cybersecurity. "We are very excited for Halvik to join our growing Information Technology ecosystem."

This transaction represents a significant commitment by Halvik to remain in Prince George's County. The Virginia headquartered company is putting a big footprint in the County.

"We are very pleased to announce a new Halvik regional office that will inspire innovation, collaboration and creativity," said Vijay Bathula, President of Halvik. "Halvik's office will feature a two-story glass lobby and a modern, open floorplan across three levels of office space; outdoor areas and other amenities to support collaboration and creativity. We are confident that this location will help us attract and retain great talent and provide one of the best employee experiences in the region."

Shaw Real Estate will work with Halvik to make significant improvements within the building. Brasher Architects is also assisting Halvik with their architectural and permitting requirements.

"We are thrilled to have Halvik as a new tenant in our project and excited to create a very special environment for their employees for a long time to come," said Steve Shaw of Shaw Real Estate.

About Halvik

Halvik. is an award-winning company specializing in providing smart, technology-enabled solutions to help our clients realize new mission and business capabilities, and to continuously enhance and improve operations. Our breadth of capabilities, industry leading experience, client trust, and commitment to excellence, has enabled us to manifest the promise of agile business and adaptive IT into reality.

About Prince George's County Economic Development Corporation

PGCEDC's mission is to cultivate and promote a strong local economy that supports the growth and prosperity of entrepreneurs and businesses, dedicated to strengthening communities through business development and job creation. For more information about the services the Economic Development Corporation provides to local companies, visit www.pgcedc.com.

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Media Contacts:

Rhett Butler

Marketing & Communications Manager, PGCEDC

240-427-7926

rbutler@co.pg.md.us