A vinyl record maker majority owned by renowned American heavy metal band Metallica has extended the lease for its facility in Alexandria, Virginia.
Furnace Record Pressing signed a renewal for its 71,393-square-foot space at 6315 Bren Mar Drive, CoStar has confirmed. The lease is for 10 years.
The company made headlines last year when Metallica bought a controlling stake in Furnace, a leading vinyl manufacturer founded by Eric Astor in 1996. Furnace has produced more than 5 million pieces of Metallica vinyl since 2014, according to the company, including definitive deluxe box set editions for such critically acclaimed albums as Master of Puppets and Ride The Lightning.
The extension comes as sales of vinyl records have, amid the digital age, unexpectedly soared in recent years. In 2023, vinyl record sales jumped 10% to $1.4 billion and outsold CDs for the second time since 1987, according to the Recording Industry Association of America.
California's G8 Capital owns the 271,730-square-foot Alexandria building. The property is located just inside the beltway off the Interstate 495/I-395 interchange about 12 miles southwest of Washington, D.C.
Furnace Record has been in the building since 2016.
For the Record
John DiCamillo of CBRE represented the landlord in the deal. Jim Layton of Clarity Tenant Rep represented Furnace.