Health Care Tech Firm Takes 38K SF at DC Area’s Tallest Office Tower
By Rey Mashayekhi October 3, 2018 11:33 am
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Health care technology provider Cerner has inked a lease at the tallest office tower in the Washington, D.C. metro area after agreeing to take 38,075 square feet at 1812 North Moore in Rosslyn, Va., according to landlord Monday Properties.
Cerner is taking the entire 14th floor and part of the 12th floor at the 35-story, 537,000-square-foot building at 1812 N. Moore Street in Arlington County, just across the Potomac River from the nation’s capital. The location will house employees of Missouri-based Cerner who are serving a contract that the company has with the U.S. Department of Veterans Affairs and U.S. Department of Defense.
“After looking all around the region, the Cerner team discovered that Rosslyn and 1812 North Moore was the best option, providing close proximity to the Department of Veterans Affairs and Department of Defense,” Cushman & Wakefield (CWK)’s Brian McVay, who represented Cerner alongside colleague Colin Meadows, said in a press release last week announcing the transaction. McVay also noted the building’s “spectacular” 24th-floor conference center and lounge as an amenity that “will help Cerner to better serve their clients.”
Asking rent and the length of the lease were not disclosed. John Wharton and Deniz Yener represented Monday Properties in-house alongside a JLL (JLL) team of Herb Mansinne, Bob VeShancey, Yorke Allen, Evan Behr and Doug Mueller.
In a statement, Monday Properties Managing Partner Tim Helmig said Cerner “saw tremendous value” in the property’s Rosslyn location, citing the area’s “exceptional convenience to transit hubs and Washington, D.C., as well as its growing base of lifestyle amenities.”
Mary-Claire Burick, the president of the Rosslyn Business Improvement District, added that the deal provides “further confirmation that Rosslyn has become the place to be for companies at the forefront of innovation, from technology and consumer goods to health care.”
“Our proximity to the federal government, combined with a highly educated workforce and vibrant urban core, provides unique opportunities for corporations like Cerner that are experiencing exciting global growth,” Burick said in the press release.
After commencing development on 1812 North Moore “on spec” and without a commitment from an anchor tenant, Monday Properties completed construction on the office tower in 2013. The LEED Platinum-certified building then sat vacant for four years until 2017, when Nestlé inked a 206,000-square-foot lease to relocate its U.S. corporate headquarters to Rosslyn from Glendale, Calif.
Nestlé subsequently exercised an option to expand its footprint at 1812 North Moore to more than 250,000 square feet, with the company’s Gerber baby food subsidiary announcing earlier this year that it would also relocate its headquarters to Virginia from Florham Park, N.J.
