Completed in 2022, Tysons Central is 388,000 square feet of next-generation office space, located just steps away from the Greensboro Metro in the heart of the incomparable Tysons market. The building includes 19,000 square feet of retail, three levels of below-grade parking, and seven levels of above-grade parking, totaling 688,000 square feet. The 20-story, column-free, office tower features a sky lobby with an outdoor terrace and opportunities for private terraces. The building resides in a mixed-use environment set to include 1,100 residential units, 200 hotel rooms, and 135,000 square feet of retail upon completion. It is likewise immediately adjacent to The Boro – the hottest up-and-coming mixed-use development in Tysons packed with a mix of fun, casual dining spots and business-quality restaurants. From safe cleaning practices to health services and air and water quality monitoring protocol, Tysons Central supports the health and safety of all tenants and visitors and is WELL Health-Safety rated. In addition to the onsite metro access and plentiful on-site garage parking, the building is just 30 minutes away from downtown DC and 20 minutes from Dulles International Airport.
In 2019, Foulger Pratt, along with Howard Hughes Corp. and Seritage Growth Properties, engaged in a joint venture promising a 4M sf mixed-use redevelopment on the former 52-acre Landmark Mall site in Alexandria, Virginia. The development has been rebranded as WestEnd and will include Inova hospital’s new campus, residential, retail, and entertainment offerings. The Medical Office Building is located in the heart of the WestEnd community, spanning over 120,000 square feet and likely to be split amongst several medical service providers. The proximity to the new Inova Health Systems, just down the street, enables endless possibilities for advantageous co-tenancy and further reinforces the medical hub of services and caregivers available to consumers in the Alexandria market. The Medical Office Building also includes 10,000 square feet of ground floor retail space.
Located at the epicenter of several successful, high-density, amenity-rich neighborhoods, including Union Market, NOMA, Shaw, and the H Street corridor, Press House is a mixed-use community currently anchored by Trader Joe’s, located directly across Florida Avenue. Its residential, retail, and rehabilitated historical structure serve as a HQ to a DC-based creative office firm and a high-end barber, Scotch and Scissors. The Warehouse is comprised of 25,000 sf of office and an additional 27,000 sf of retail space, which delivered in June of 2021. Retailers continue to flock to the neighborhood as an alternative to Union Market and the NOMA areas.
Located in Olney, Maryland and on the MedStar Montgomery Medical Center campus, Montgomery General Hospital buildings I and II are comprised of 126,686 sf of medical office space. Foulger Pratt purchased the first building, Montgomery General Hospital I, in 1999 and the second building in 2003.
Sequoia Plaza was acquired by Foulger-Pratt in 2004 and considered to be a value-play in comparison to office assets in the Rosslyn-Ballston corridor. The project had historically been well-occupied by Defense/Government Contractors and performed per underwriting for the first few years of ownership. A shift in occupancy due to BRAC and financial reasons caused many major tenants to vacate, resulting in a 45% occupancy level. After careful analysis, occupants were shifted to allow large continuous blocks of space to be marketed, resulting in lease-up of the majority of vacant space. Foulger-Pratt sold Sequoia Plaza in 2018, and managed the property until August 2021.
Leveraging Foulger-Pratt’s medical office expertise, this Class A medical office and retail building reflects the evolution of health care delivery away from the expensive hospital setting and into the community. The building’s use as a medical office allows additional use as conventional office space and will leverage both the amenity-rich environment of Park Potomac and the aging demographic population that is attracted to the walkable mixed-use environment.
This is the second Class-A office building that exists in a mixed-use environment. The superb amenity-rich location and planned retail on the first floor have contributed to the pre-leasing of two of the six floors.
Winner of NAIOP’s 2013 “Best Building Renovation: Adaptive Re-Use” award, Loudoun III was acquired and repositioned into a medical office building. Its location, accessible from the Dulles Toll Road (Rt 267) and Routes 7, 28, and 15, provides a built-in tenant base for medical providers. It stands directly across from the Inova Loudoun Hospital entrance and near the Howard Hughes Medical Institute. Repositioning efforts have delivered results, both in lowered vacancy and in radical property value growth.
This Class A office building is conveniently located in the Downtown Silver Spring, transit-oriented, mixed-use town center, just inside the beltway and adjacent to the Silver Spring Metro Center. Over one million square feet of retail shops, restaurants, movie theaters, and a live music venue nearby provide an unparalleled amenities base. The building is at full occupancy under long-term leases and is the only project in Silver Spring to have secured anchor tenancy from downtown Washington, DC.
Directly adjacent to the Silver Spring Metro Center, this complex is home to the headquarters of the National Oceanic and Atmospheric Administration (NOAA), one of the region’s largest public sector tenants. A tenant since 1990, the lease was recently renewed through 2028. This project reflects the full array of Foulger Pratt’s capabilities, from market insight in its original conception to effective long-term asset management.