Amazon Leases Additional 47K SF for Northern Virginia HQ
By Christina sturdivant-Sani April 25, 2019 3:27 pm
reprints
Less than a month after Amazon inked its first set of office deals for its new Northern Virginia headquarters, the company has signed a lease for an additional 47,512 square feet at 2345 Crystal Drive, according to a press release from Chevy Chase-based developer JBG Smith, which owns the property.
The e-commerce giant is expected to move into the building within the next few months, per the release.
Including this deal, Amazon has signed on for a total of 584,512 square feet across four JBG Smith-owned office buildings in the area known as National Landing, which comprises parts of Arlington and Alexandria, Va.
JBG Smith CEO Matt Kelly said in a prepared statement that Amazon’s decision to increase its footprint “reflects their commitment and the warm welcome they have received through our public-private partnership with Arlington County and the Commonwealth of Virginia” and “further validates our repositioning of the retail main street in the submarket.”
The other deals include 88,000 square feet at 241 18th Street South, 191,000 square feet at 1800 South Bell Street and 258,000 square feet at 1770 Crystal Drive, as Commercial Observer previously reported. The asking rent at the three properties is approximately $35 per square foot, according to a JBG Smith investor document. The developer declined to comment on the terms of the leases, according to a JBG Smith spokeswoman.
Amazon also signed purchase and sale agreements with JBG Smith earlier this month for two of parcels of land owned which the firm plans to construct a new 4.1-million-square-foot development.
