Inova Health System has leased Exxon Mobil's Merrifield campus and plans to develop a multimillion-dollar Inova Center for Personalized Health, a major step toward becoming one of the world's foremost institutions in the fledgling field.
The Fairfax health system wrapped up negotiations Friday morning to lease the 117-acre campus across from its flagship hospital for the next 99 years with the right of first refusal to acquire the property. The deal comes roughly two years after Exxon Mobil retained real estate brokerage Cassidy Turley, now DTZ, to position the four-building, 1.2 million-square-foot property for a potential sale or redevelopment.