Tysons of Tomorrow Secures Big Commitment from Institutional Investor USAA
Foulger-Pratt and USAA Real Estate announced their partnership for the development of Tysons Central, a 371,214 square foot Class-A trophy office building in the heart of Tysons, Virginia.
Located adjacent to the intersection of Leesburg Pike and Chain Bridge Road and only 50 steps to the Greensboro Metro Station, the building will provide next-generation office space in a dynamic mixed-use environment. With world-class architecture by Gensler, the building is comprised of curtain wall, precast and perforated metal panels in a 25 -story tower. With floors ranging from 21,000 to 28,000 square feet the building will accommodate a broad array of tenants looking for state of the art space. Typical floors provide column free spans and 9’ finished ceiling heights with floor to ceiling glass across all floors.
The ground floor lobby is accessed from both a central landscaped plaza and metro level immediately adjacent to the Greensboro Station platform. The dramatic two-story lobby invites the outdoors inside with feelings of spaciousness and openness. Elevated terraces are designed into the upper portions of the building creating beautifully landscaped common and private outdoor spaces for tenants and their guests.
Following the Plaza-level lobby, tenants will have access to the 8th floor Sky-Lobby, an elevated and expansive setting with superb views, access to the first elevated terrace level, and shared conference facility. The Sky-Lobby is generously proportioned with breakout space and state of the art conference technology. Tenants will also have access to a fitness room on the 21st floor with breathtaking views of the Blue Ridge Mountains.
Significant site infrastructure has already been completed with demolition slated for September 2018 to clear the existing structures on the site. The ownership is already in discussions with several prominent potential lead tenants. Avison Young Principals Dave Millard, Peter Berk, Mike Shuler, and Nick Gregorios are representing the new venture.
USAA views its commitment as an early investment in the Tysons of tomorrow, as Tysons is transformed from an office -centric business district into a vibrant 24/7 mixed–use urban community. “What is happening right now in Tysons is something we have witnessed throughout the country as leading- edge tenants gravitate to amenity rich environments with access to state-of-the-art transportation infrastructure in order to attract and retain the best and brightest talent. As this area becomes more accessible and pedestrian friendly, we expect an incredible amount of growth from the Fortune 1000 companies that want to be here.” stated Dirk Mosis, Executive Managing Director of USAA Real Estate.
“We are excited to partner with USAA on this landmark contribution to the new Tysons skyline,” remarks Cameron Pratt, Chief Executive Officer of Foulger-Pratt. “Tysons Central will become the gateway to a new dynamic urban environment. In 20 or 30 years, we will look back with amazement that Tysons was ever considered a suburban location.”
For more information regarding Tysons Central, visit https://www.TysonsCentralOffice.com
Established in 1963, Foulger-Pratt is a real estate development firm distinguished by its long-term investment focus and extensive experience executing successful mixed-use, transit-oriented projects throughout the Washington, DC metro area. The firm’s intimate knowledge of virtually every submarket in this robust and stable regional economy has enabled it to develop more than 15 million square feet of commercial office, retail space, and multifamily residential projects. From acquisition to development, construction to asset management, the company’s fully integrated teams create value at all stages of an investment’s lifecycle. To learn more, visit www.foulgerpratt.com.
About USAA Real Estate
USAA Real Estate, with more than $20 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.