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Transactions - DECEMBER 2, 2019

USAA and partner to construct 25-story speculative office project

by Released

Foulger-Pratt and USAA Real Estate have broken ground to build the Tysons Central for delivery in 2021, representing the only full-building opportunity for new trophy-class construction in the Tysons, Va., market. The 383,628-square-foot office building will be located just 35 steps from the entrance to the Greensboro Metro Station, next to The Boro, offering tenants one of the shortest walks to Metro available anywhere on the Silver Line.

Gensler designed the 25-story tower with 9-foot ceilings and column-free floors typically ranging from 26,000 to 29,000 square feet. A dramatic two-story lobby invites the outdoor visitors inside with feelings of spaciousness and openness. Two elevated terraces on upper portions of the building create beautifully landscaped common and private outdoor spaces for tenants and their guests.

USAA Real Estate joined the project last September, viewing its commitment as an early investment into the transformation of Tysons from an office-only business district into a vibrant 24/7 mixed-use urban community. “The rapid pace of change underlines the changing ways that people work and live in today’s urban environments. Decisions today are driven by convenience and a desire for a more balanced experience. Our goal for Tysons Central is to create a workplace that enhances daily work life, including multiple on-site amenities to offer tenants and their employees a first-class business environment that enhances recruitment and retention efforts,” remarks Cameron Pratt, CEO of Foulger-Pratt.

On-site amenities include a “sky lobby” and terrace, approximately 19,000 rentable square feet of retail space, a fitness center with lockers, showers, and towel service, and electric car charging stations.

With only a handful of large blocks available in Tysons (all second-generation), Foulger-Pratt and USAA Real Estate believe that the market will respond strongly to the project’s world-class design, modern efficiencies, and its unrivaled walkability to transit, local residential and destination retail.

“Leading-edge tenants have repeatedly demonstrated that they want to invest in high-quality space that delivers a uniquely branded environment for their clients and employees,” said Dave Millard, principal of Avison Young, which has been retained for office leasing at Tysons Central. “Tenants and their employees have more choices than ever before, and the owners here have positioned Tysons Central as a clear choice for the highest quality space available in this submarket.”

 

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