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Just one day after Host Hotels & Resorts announced its plans to move to JBG Smith's new Downtown Bethesda project, another D.C.-area company is following suit.
Booz Allen Hamilton signed a 65K SF lease at 4747 Bethesda Ave. and plans to move about 750 employees to the new building when it is completed in 2019, the Washington Business Journal reports.
The McLean-based consulting firm will move its Montgomery County workers from its 82K SF office at One Preserve Parkway in Bethesda. CBRE's Donna Gravely, Gareth Hallam and Brad Wilner represented Booz Allen.
Host Hotels signed a 55K SF lease at the project and plans to move its HQ from Rock Spring Business Park in 2019. JBG Smith also announced plans earlier this year to move its HQ from Chevy Chase to 80K SF in the new development. The new leases bring the 287K SF office building to 71% leased.
The development, between retail center Bethesda Row and the future western terminus of the Purple Line at Carr Properties' Apex Building project, will include gourmet market Dean & Deluca in a two-story retail component.
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