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June 28, 2019 |  Michael Neibauer, Washington Business Journal

There’s no room left at 1775 Tysons Blvd.

WeWork inked a deal Thursday to expand its presence in Lerner Enterprises’ trophy office building to 154,025 square feet, bringing the 17-story, 476,000-square-foot tower to 100% occupancy roughly three and a half years after it delivered.The coworking space goliath has occupied 92,500 square feet at 1775 Tysons Blvd., on the fourth, fifth and sixth floors, since 2016 — its initial entry into the Fairfax County submarket. The expansion will add 61,525 square feet on the 11th and 12th floors of the building.

"The WeWork expansion is the latest example of the many industry-leading companies that have thrived in Tysons II over the years,” Lerner Enterprises' Principal Mark Lerner said in a statement.

The Rockville-based Lerner started construction on 1775 in 2014 without any signed tenants. It has filled out the building with a host of big names, including Ernst & Young LLP, Park Hotels & Resorts Inc. (NYSE: PK) and DXC Technology (NYSE: DXC). Salience, Hatch IT and Dynamo Technologies are among the building’s other tenants.

The building's amenities include a Wi-Fi social lounge, elevated terrace, conference center, a 5,100-square-foot health club and landscaped central park.

The office tower is the newest addition to Lerner’s 117-acre Tysons II master plan and the first building in Tysons to achieve LEED Platinum certification. Tysons II also includes the Tysons Galleria, five additional office buildings, the 286-unit Lillian Court at Tysons II condo project and the Ritz-Carlton Tysons. 

Per a Lerner release, there remains 3.5 million square feet to be developed at Tysons II, including 1725 Tysons Blvd., a 480,000-square-foot trophy office tower.

JLL’s Brian Tucker and John Dragelin represented Lerner in the latest WeWork transaction.

WeWork is seemingly insatiable for office space in Greater Washington, having in recent months leased 109,943 square feet at Midtown Center in D.C., taked all 104,000 square feet at Akridge’s 1701 Rhode Island Ave. NW, leased more than 100,000 square feet at Property Group Partners’ Capitol Crossing, and opened its first Maryland space at the University of Maryland, College Park.

 

Washington Business Journal

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