Marcus Partners Signs Balfour Beatty to NoVA Office Building
By Keith Loria December 3, 2019 12:26 pm
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International commercial construction company Balfour Beatty has leased 20,000 square feet at 3180 Fairview Park, a 58,483-square-foot, Class A office building in Falls Church, Va., according to the landlord, Marcus Partners.
Balfour Beatty will be taking the property’s second floor, and will be moving in early 2020. The building is now 90 percent leased. Marcus Partners declined to provide lease terms or asking rents.
“It’s really validating to have a successful, multibillion-dollar company choosing our property to house their Mid-Atlantic operations and confirms the world-class renovation we’ve delivered,” Andrew Dolinsky, Marcus Partners’ principal, told Commercial Observer.
Other notable tenants in the building include General Dynamics and Capital Caring Health, the latter of which signed a 15-year lease for 50,000 square feet in the building earlier this fall.
Originally built in 1997, the property was acquired by Marcus Partners in 2017 and the firm’s renovation work included adding indoor and outdoor common spaces, a 5,000-square-foot fitness facility and the high-end eatery Bistro in the Park. The building also has a 100-seat auditorium with an additional 100-seat conferencing facility.
“Our recent renovation has created a best-in-class work environment with highly desirable amenities that allow our tenants to attract and retain top talent in a competitive employment market,” Dolinsky said. He added that the building has one floor left available for lease.
He ticked off the building’s strengths as its Class A, institutional quality; its location inside the Beltway with accessibility to D.C., Maryland and other areas in Northern Virginia; and its amenity package with a specific focus on health and wellness, with the building’s overall light and bright aesthetic and access to jogging trails.
Newmark (NMRK) Knight Frank’s Ed Clark, Andy Klaff and Jeff Tarae represented Marcus Partners on the lease, while Washington Realty Group’s Mike Grogan handled things for Balfour Beatty.
