U.S. Department of State Extends Lease in Rosslyn
- Jul 26, 2017
GSA, CBRE, Monday Properties and FD Stonewater facilitated the U.S. Department of State’s 15-year lease renewal and extension at the Berkeley Building in Rosslyn, Va. The department will also expand its operations to the building nearby, bringing its total footprint to 343,000 square feet.
Major changes underway
Monday Properties owns both buildings and in order to meet the tenant’s needs, they will be combined into a “single facility campus” joined through an above grade passage that connects the two lobbies, in addition to a multi-phased renovation of the Berkeley Building. As a result of this transaction, both properties are now fully leased.
The Berkeley Building is located at 1701 N. Fort Myer Drive and comprises 280,000 square feet of premier office space. It also features a recently renovated lobby and elevators. The other property is 1200 Wilson Blvd. and it is a 13-story, 146,000-square-foot office building overlooking the city with a 300-person conference center and a fitness facility.
The assets are situated in the city’s center, providing tenants with easy access throughout the entire area due to the nearby Rosslyn Metro Station. Neighboring amenities include hotels, shops and restaurants and award-winning Freedom Park.
The owners were represented in-house by Tim Helmig and John Wharton, together with FD Stonewater’s Joe Delogu and Chad Habeeb. GSA’s Santoni Graham and Gary Arabak and CBRE’s Henry Chapman and Sara Dunstan acted on behalf of the tenant.
“We look forward to working together on the expansion that will consolidate these two buildings with a modern solution. Our significant investment into the single facility campus will upgrade the property to the latest government efficiency standards,” Helmig said in a prepared statement.
Image courtesy of Yardi Matrix