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News release

TYSONS CORNER, VA

7900 Westpark Drive in Tysons to Undergo Major Renovation

Jones Lang LaSalle to market 540,000 SF complex, which recently received LEED EB Silver certification 


TYSONS CORNER, Va., June 6, 2013 – Jones Lang LaSalle (NYSE:JLL) has been selected by Washington Real Estate Investment Trust (WRIT) to market 7900 Westpark Drive, a three-building, 540,000-square-foot Class A complex in the hub of Tysons Corner. 

The property will undergo a major renovation starting in the fourth quarter of 2013. When complete, the Tower building will feature a new glass curtain wall façade, an illuminated two-story entry and up to nine foot finished ceilings with floor-to-ceiling windows in new tenant spaces. The renovated complex will create a striking presence on Westpark Drive.

“7900 Westpark Drive’s prime location and high visibility make it an excellent candidate for a renovation of this magnitude,” said Thomas L. Regnell, Senior Vice President and Managing Director, Office Division, WRIT. “The Tysons real estate market is a strong long-term investment, supported by the recent completion of the 495 Express Lanes and anticipated completion of the Metro’s Silver Line, along with the existing robust amenity base.”

The JLL Northern Virginia Agency Leasing team is handling leasing for the complex on behalf of WRIT. 

Centrally located in the heart of Tysons with prominent visibility from I-495 and Route 123, 7900 Westpark Drive is close to over 500 stores, upscale dining options, quick services restaurants and a 16-screen theater. The property offers easy access for commuters: The Metro’s new Silver Line Tysons Corner Station is just a five-minute walk, and two 495 Express Lanes (Westpark Drive and Jones Branch Drive) entrypoints are nearby.

In addition to its close proximity to local amenities, 7900 Westpark’s on-site amenities include a fitness center, conference facility, cafe, daycare center, travel agency, convenience store with dry cleaner drop-off and common areas with Wi-Fi and plenty of seating for its tenants and guests. There are also four levels of structured parking, and new escalators are planned to connect the parking garage to the office building.

The complex recently received a LEED® EB Silver certification from the U.S. Green Building Council. WRIT now has six LEED® EB certified properties and is working toward more, along with additional Energy Star certifications, as part of its ongoing sustainability program.

“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, Jones Lang LaSalle. “It will be one of the area’s most enticing complexes.”

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here:  http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx

About WRIT
WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. WRIT owns a diversified portfolio of 69 properties totaling approximately 9 million square feet of commercial space and 2,540 residential units, and land held for development. These 69 properties consist of 25 office properties, 17 medical office properties, 16 retail centers and 11 multifamily properties. WRIT shares are publicly traded on the New York Stock Exchange (NYSE: WRE).

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.