State Department renews lease in Arlington
The U.S. Department of State is renewing its existing lease for the entire 1701 North Fort Myer Drive building in Arlington.
The State Department also is expanding into the remaining vacancy of 1200 Wilson Boulevard for another 15 years beyond its previously scheduled lease expiration in 2019.
Both buildings are owned and operated by Monday Properties in Rosslyn.
As part of the renewal, 1701 North Fort Myer Drive and 1200 Wilson Boulevard will be combined into a cohesive “single-facility campus,” including a secured above grade connector between the two building lobbies.
As a result of this transaction, both properties are now fully leased.
Including the State Department deal, Monday Properties has had leasing transactions involving more than 1.1 million square feet during the past 18 months.
The Landlord was represented by Monday Properties' Tim Helmig and John Wharton as well as Joe Delogu and Chad Habeeb at FD Stonewater. Santoni Graham and Gary Arabak of the GSA as well as the CBRE Inc. team led by Henry Chapman and Sara Dunstan represented the Government in this transaction.
Founded in 1998, Monday Properties is an owner, operator and developer of real estate with a primary focus on supplied constrained markets and value add real estate opportunities in growth markets.
Since 2002, the company has completed more than 60 transactions deals worth more than $13 billion, representing 28 million square feet.