Washington Real Estate Investment Trust recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Va. It selected Jones Lang LaSalle Inc. to market the property.
7900 Westpark Drive is a three-building, 540,000-square-foot complex located in the heart of Tysons Corner. Its on-site amenities include a fitness center, conference facility, cafe, daycare center, travel agency, convenience store with dry cleaner drop-off, common areas with Wi-Fi and a four-level parking garage. The surrounding area also offers many retail and dining options.
Recently, the complex received a LEED EB Silver certification from the U.S. Green Building Council. Another WRIT building, 2000 M St., was certified LEED Gold. WRIT now has six LEED EB certified properties.
The renovation project will begin in the fourth quarter of 2013. It is expected to cost between $30 million and $35 million. Plans call for a new glass curtain wall façade on the Tower building, an illuminated two-story entry and up to nine-foot finished ceilings with floor-to-ceiling windows in new tenant spaces.
“7900 Westpark Drive’s prime location offers high visibility from the Capital Beltway and Route 123, making it an excellent candidate for a renovation of this magnitude. We believe the Tysons Corner real estate market is a strong long-term investment, supported by the recent completion of the 495 express lanes and anticipated completion of the Silver Line of the Metro, along with the strong amenity base already existent in the submarket,” Thoma Regnell, senior vice president & managing director of WRIT’s office division, said in a statement for the press.
The Jones Lang LaSalle Northern Virginia agency leasing team is handling leasing for the complex on behalf of WRIT. “The renovation will enhance the complex’s already striking presence, and the new design will provide a breathtaking experience for tenants and visitors as they enter the buildings,” said Marc Bassin, senior vice president of Jones Lang LaSalle. “It will be one of the area’s most enticing complexes.”Photo credits: Washington Real Estate Investment Trust Charts courtesy of CBRE.
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