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550,000 SF complex, which recently received LEED EB Silver certification, undergoing major renovations
Jones Lang LaSalle (NYSE:JLL) announced today that Washington Real Estate Investment Trust (WRIT) has started renovations at 7900 Westpark Drive, a three-building, 550,000-square-foot Class A complex in the hub of Tysons. The exterior renovation of the Tower building is a “reskinning” project, where construction crews will work in vertical “drops” to remove the existing precast concrete façade and replace it with high-performance, two-story, unitized glass panels. When renovations are complete, the new glass panel system will offer a vastly improved tenant experience with floor-to-ceiling glass, enhanced windowline views and annual energy savings in excess of $100,000. The renovated complex will create a striking presence on the Capital Beltway. The work on the atrium will completely transform this existing six-story space, creating a new amenity for 7900’s visitors and tenants. The new finishes will be clean and contemporary, with glass handrails and metal clad columns offset against new terrazzo floors and wood accent walls. The atrium’s ground floor will be reconfigured to create an enlarged retail presence and more opportunities for informal gatherings. There are also four levels of structured parking, and new escalators are planned to connect the parking garage to the office building.7900 Westpark’s on-site amenities include an updated fitness center, conference facility, cafe, daycare center, convenience store with dry cleaner drop-off and common areas with wi-fi and plenty of seating for its tenants and guests. “Tysons is one of the few submarkets which saw growth at the end of 2013, and, given the impending arrival of the Metro’s Silver Line and the property’s prime location and high visibility, it is an opportune time to start renovations,” said Thomas L. Regnell, Senior Vice President and Managing Director, Office Division, WRIT. “The renovations and new design will further enhance the striking presence of this building in Tysons,” added Regnell.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. Metro’s new Silver Line Tysons Corner Station is just a five-minute walk away, and two 495 Express Lanes (Westpark Drive and Jones Branch Drive) entry points are nearby. The complex recently received a LEED® EB Silver certification from the U.S. Green Building Council. WRIT now has eight LEED® EB certified properties and is working toward more, along with additional Energy Star certifications, as part of its ongoing sustainability program. Jones Lang LaSalle’s Northern Virginia Agency Leasing team is handling leasing for the complex on behalf of WRIT. For more news, videos and research resources from Jones Lang LaSalle, please visit the firm’s U.S. media center website. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspxAbout WRITWRIT 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 51 properties totaling approximately 7 million square feet of commercial space and 2,675 multifamily units, and land held for development. These 51 properties consist of 23 office properties, 16 retail centers and 12 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 $4.0 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 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.
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