The developer behind Tysons West is expanding its ambitions to the east side of Route 7 (Leesburg Pike).
JBG Smith, a Chevy Chase-based company also known for its extensive involvement in Arlington’s National Landing area, has acquired the three office buildings at Tysons Dulles Plaza (1410, 1420 and 1430 Spring Hill Road) for $42.3 million — a significant discount compared to previous sales.
A contractor based at Reston Town Center is angling to take over an office building near Herndon whose former occupant is also now based in Reston Town Center.
Peraton, a national security and technology company started in 2017, plans to open a new campus at Woodland Pointe, a 6.77-acre office complex just south of Dulles Toll Road that previously served as Volkswagen’s North American headquarters.
With its current home being eyed for redevelopment, Pathway Homes is using its expected future displacement as an opportunity to reimagine its headquarters.
The nonprofit, which provides housing and other support services to adults with serious mental illnesses and disabilities, announced yesterday (Tuesday) that it has acquired a three-story office building at 4010 University Drive in Fairfax City.
An office park just southwest of Herndon near the Innovation Center Metro Station has a new owner.
Finmarc Management, a commercial real estate firm with headquarters in Bethesda, Maryland, announced on Jan. 2 that it has completed a $51 million acquisition of Dulles Corner, an office complex with approximately 620,000 square feet of space across four buildings.
As a whole, the office market in Tysons remains challenged, but declining demand for office space, a national trend in the wake of the COVID-19 pandemic, is hitting some properties harder than others.
The area’s office vacancy rate continues to climb, reaching 22% as of Sept. 30, up from 19% at the same time in 2023 and 14% in mid-2020, according to data from the Tysons Community Alliance’s (TCA) inaugural Tysons Quarterly Market Report.
A nuanced effort to convert vacant office buildings into residential housing could be a net fiscal positive for the Fairfax County government.
That was the conclusion of an analysis presented to county leaders on Tuesday (Oct. 1). But it arrived with some caveats and some questions from members of the Board of Supervisors.
A federal contractor owned by the largest Native American tribe in the U.S. has expanded its presence in the country’s capital region by adding a Tysons office.
Cherokee Federal announced Friday (Aug. 9) that it has opened an area office at 8180 Greensboro Drive, Suite 900, in Greensboro Park. The 20,000-square-foot space will host over 100 employees and complement the company’s regional office in Arlington.
Meta, the technology company that owns Facebook and Instagram, appears to be planning a dramatic downsizing of its office space in Reston Town Center, the Washington Business Journal says.
A listing on the commercial real estate database CoStar indicates that two floors of the office building at 1818 Library Street will become available in June 2025, the WBJ reported yesterday (Wednesday). That would amount to 51,000 square feet or two-thirds of the roughly 75,000 square feet of office space that Facebook leased in 2019.
Retail giant Walmart is finally planning to move into Herndon, more than four years after it originally leased office space in the area.
According to Fairfax County records, the discount department and grocery store chain filed for permits last month to renovate the first four floors of the six-floor office building at 2245 Monroe Street, totaling approximately 83,300 square feet.
The architecture consulting firm that helped design Capital One Center’s baseball stadium now has a base of its own in Tysons.
Little Diversified Architectural Consulting moved into a new office in Pinnacle Towers (1753 Pinnacle Drive) at the end of February, a spokesperson for the national company announced on Feb. 29.
