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News release

TYSONS, VA

Silver Line’s Contribution to Tysons’ Office Market Tenant Base Approaching 1M SF

Pipeline for Second Wave of Silver Line-Related Office Occupants Developing in Tysons


TYSONS, VA, OCTOBER 5, 2015 – The opening of the Silver Line has already added nearly 900,000 square feet of occupancy to Tyson’s office tenant base, according to new research analysis from JLL.

The first wave of commercial office tenants migrated to Northern Virginia’s new urban center last year, including Intelsat, Alarm.com, Kiewit and Splunk. They join Capital One, which is expanding its presence by building a 975,000-square-foot headquarters building near the new McLean Metro Station. Capital One is also actively searching for 70,000 square feet of additional space in the market.

“These companies moved at the right time to take advantage of all the transportation benefits, new building technologies and amenities, and the operational efficiencies that come with a move and new office space here in Tysons,” said Dean Stiles, a Senior Vice President at JLL who focuses on tenant representation in the Washington, DC Metropolitan area. “The addition of public transportation, the 495 Express Lanes, and future improvements like the Jones Branch overpass, combined with Tyson’s pro-business governance and excellent public services have made this market quite competitive and will all help to push Tysons towards being a Top 10 CBD.”

Future office migrations to Tysons include Reed Smith and Washington Gas, with the Pentagon Federal Credit Union relocation still pending, according to JLL. Stiles says the momentum in market activity will continue with other new office deliveries like Lerner Enterprises 1775 Tysons Blvd., not to mention the buzz that is happening with The Boro, from The Meridian Group, at Greensboro Station. 

“There is a definitive uptick in activity among tenants looking at properties in Tysons,” Stiles concluded. “Its location, and the ease with which tenants can now migrate in and around Tysons and the metropolitan DC market, makes this market very appealing.”

About JLL
JLL (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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.