12601 FAIR LAKES CIRCLE
Location
12601 Fair Lakes Circle
Fairfax, VA 22033
Owner
PRUDENTIAL
CGI
FAIRFAX
The lease of the building’s primary tenant of 12601 Fair Lakes Circle, CGI, was expiring and they were considering a relocation. Their driving factors for relocation or renewal were that they wanted to ensure that this, being their Virginia Headquarters, was a modern place for their employees and visitors. Prudential was balancing the cost of a new headquarters versus restructuring in place balanced with their local executive’s desire to relocate. They had heavy parking and amenity needs for their employees and their clientele. With significant renovations that included the lobby, building amenities, elevator cabs and an addition of outside amenities and renovations, Lincoln and the ownership.
Highlights
1995
Year Built
Tenant
CGI
Class
A
Date: 10/2017
Type
Renewal/Restructure
Square Foot
170,000 sf
Term
10 Years
Rate
$29.50 FS with 2.50% esc
TI
$65.00 PSF
Abatement
9 Months
WOW FACTORS
Lobby, amenity, elevator & outside renovations
Renovation activities in concert with large renewal
LPC full coordination of architecture / engineering design & project management
260,000 SF
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