Another Big Win for Fairfax County
- Aug 06, 2015
A new and important economic win for Fairfax County! One of the region’s largest employers plans to expand and create more than 450 new jobs in the area in the next three years.
Consulting giant EY (formerly Ernst & Young LLP), signed a lease for 125,000 square feet of space at 1775 Tysons Blvd. in The Corporate Office Centre at Tysons II. The company is the first major tenant announced for the 17-story trophy office tower. The move is part of its plans for future growth.
1775 Tysons Blvd. is still under construction but is expected to open late this year. The 476,000-square-foot tower is designed to achieve LEED Platinum certification, the first office building in Tysons to do so. Rockville, Md.-based Lerner Enterprises, the project’s developer, was represented in the deal by Brian Tucker, Moe Hamilton and John Dragelin, all of Cushman & Wakefield‘s Virginia office.
EY’s future home is part of the Corporate Office Centre at Tysons II, a 117-acre master-planned development considered by many as the most prestigious commercial address in the Greater Washington area. It is home to Tysons Galleria, several office towers, numerous restaurants and award-winning hotel and residential projects.
Gov. Terry McAuliffe announced that EY will invest $12.6 million as it relocates its offices to the new site. The expansion project is expected to create 462 jobs over the next three years. Virginia successfully competed for it against Maryland and D.C.
The Fairfax County Economic Development Authority and the Virginia Economic Development Partnership worked together to secure the project. Gov. McAuliffe also approved a $1.3 million grant from the Commonwealth’s Opportunity Fund to assist Fairfax County.
Rendering courtesy of Lerner Enterprises