CoStar Group announced the purchase of 1201 Wilson Blvd., a 552,000-square-foot office building in Arlington, Va. CoStar Group plans to relocate its Washington, D.C., employees to Arlington and capitalize on nearly $7 million in tax and economic incentives.
With the company’s lease set to expire in 2025, CoStar Group assessed more than 25 viable sites across Washington, D.C.; and Rosslyn, Crystal City and Tyson’s Corner, Va.; before selecting 1201 Wilson Blvd.
The building is located directly above the Rosslyn Metro, offering access to Ronald Reagan National Airport and transportation, including five major road networks, from around the greater Washington, D.C., area. The move to Rosslyn will offer employees access to retail and dining amenities, a network of biking and jogging trails and the waterfront.
