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News release

WASHINGTON, DC

Jamestown Selects JLL to Market Stafford Place in Arlington’s R-B Corridor


WASHINGTON, March 7, 2016 – JLL announced today that it has been hired to lease Jamestown’s Stafford Place, a 771,584-square-foot Class A office complex located in the Rosslyn-Ballston Corridor of Arlington, VA.

Jamestown acquired both 99 percent occupied properties in 2015 and will upon NSF’s departure transform the complex with extensive interior renovations, new tenant amenities, system modernizations and exterior streetscape improvements. 

“We see the area as being at an inflection point,” said Michael Phillips, President of Jamestown. “With corporate and more entrepreneurial enterprises taking space among the amenity-rich Ballston submarket, Wilson Boulevard holds tremendous promise as a destination for the new innovation economy and the creative class.”

The complex includes two buildings – the 12-story, a 587,036-square-foot Stafford Place I and the 11-story, 184,548-square-foot Stafford Place II – that were constructed in 1992 and 1999 respectively.  Stafford Place I is connected to the Ballston Metro Station and the soon to be fully redeveloped Ballston Common Mall by way of two-enclosed walking bridges. The office complex also includes two below-grade parking garages and extensive bike parking storage.

The Ballston area features more than 80 restaurants, Quincy Park, the Arlington Arts Center and the Capitals’ Iceplex—all within walking distance of Stafford Place—as well as easy access to the Orange and Silver lines and Washington National Airport.  Ballston is already home to a range of innovative organizations including Accenture, ESI International, Raytheon, The United States Coast Guard, DARPA, Virginia Tech and The Nature Conservancy.

“Jamestown has a reputation for creating and enhancing high profile properties with a deep focus on exceptional retail and workplace experiences such as Ghirardelli Square in San Francisco, Ponce City Market in Atlanta and Chelsea Market in New York City,” said Bob VeShancey, Managing Director, JLL. “They are bringing the same best-in-class real estate philosophy to Stafford Place making creative quality spaces and delivering an outstanding experience that fosters a sense of community.”

Managing Directors Herb Mansinne and Bob VeShancey of JLL will oversee the leasing of Stafford Place.

About Jamestown
Jamestown was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 32 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $9.9 billion of assets under management.  Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management. Jamestown employs more than 230 professionals in the United States, with headquarters in Atlanta, GA, and New York, NY and additional offices in Washington, DC, Boston, MA, and San Francisco, CA. For more information, visit www.jamestownlp.com.

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.