New Kids On The Block: Tysons Corner
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With all the development heading to Tysons, office tenants are following, including the biggest co-working provider in the world.
Last fall, ever-expanding WeWork signed 93k SF in Lerner Enterprises’ new 1775 Tysons Blvd., marking its third-largest space in the region and first foray into Fairfax County. It is “the latest example of the many industry-leading companies that have chosen to locate in Tysons II over the years,” Lerner principal Mark Lerner said.
WeWork will occupy 20% of the new building, which is the first in Tysons to receive LEED Platinum certification, alongside other tenants EY, Computer Sciences Corp., Fogo de Chão, One Medical Group and Atrium Café, whose employees can take advantage of its proximity to the new Silver Line Metro stop, Founding Farmers, the Palm Restaurant and Tysons Galleria.
Computer Sciences Corp.
In February, the 59,000-employee IT contractor Computer Sciences Corp. moved its HQ from Falls Church to 1775 Tysons Blvd. CSC signed a 62k SF lease in the highly amenitized 17-story trophy office building, which includes a fitness center, fine and casual dining and a conference center on its 117-acre site. L
CSC initially signed up to occupy two floors, but has expanded its commitment, Lerner VP Jim Policaro said. It will take three floors in the building, which is now 75% leased, for a footprint of 93k SF.
Big Four accounting firm EY, formerly Ernst & Young LLP, was the first major tenant to take space in 1775, penning the deal for 125k SF in July 2015. It moves from 8484 Westpark Drive, its home of 17 years, with plans to invest $12M as part of the relocation. It also moved about 50 employees from its downtown DC office.
Global law firm Reed Smith LLP now occupies 28k SF in the LEED Gold, 22-story Tysons Tower, also relocating from its Falls Church home, which was at 3110 Fairview Park Drive. Reed Smith global managing partner Sandy Thomas said, “The firm represented the ‘who’s who’ of real estate and development involved in taking Fairfax County and Tysons Corner from a sleepy suburb [with] dairy farms in the '60s to the thriving business hub that it has become today.”
Online jeweler Blue Nile opened its third webroom in Tysons Corner Center, the first outside the NYC area. The concept complements the main modality its customers use to shop for its products — phones, tablets and computers.
Blue Nile hopes to emulate the retail experience (though all transactions are done with in-store tablets) to appeal to people who want to experience the glittering jewelry before buying. It claims this will be another “highly efficient, low-overhead and small-footprint installation.”
Furniture and home store Ballard Designs arrived on the Tysons scene with a 12.4k SF prototype in August, hoping to provide an even greater degree of personalized support and let people view, touch and take-home a piece of Ballard. The brick-and-mortar outlet has many perks for brand enthusiasts. Its full-price section changes seasonally, online items can often be shipped to the store for local pickup and they stock over 70% of what's shown in the store, reducing wait times.
Women’s clothing boutique JOIE arrived at 1758 Tysons Galleria in June, selling clothing, shoes and fragrances inspired by the SoCal ethos and lifestyle. It claims its aesthetic effortlessly blends vintage and fresh appeal, and is the perfect combination of “Casual, Comfortable and Luxurious.”