1530 WILSON BOULEVARD

Location

1530 Wilson Boulevard
Arlington, VA

Owner

Invesco

BOOZ ALLEN HAMILTON
LOCKHEED MARTIN, CRDF
ARLINGTON

In 2013, Booz Allen Hamilton, Lockheed Martin, and CRDF, all major tenants at the building were vacating the building due to corporate consolidation or relocation needs. With the resulting high vacancy rate, property owner, Invesco, and LPC’s leasing and construction management team developed a capital improvement plan that included a modern fitness center, a robust conference center with lounge and kitchen area with an outdoor lounge area, lobby and exterior entryway renovations. In addition, rolled out a spec suite program throughout the building. With that and their local expertise, Lincoln was able to lease to 95% occupied.

Highlights

Market

Rosslyn

Owner

Invesco

Size

174,330 SF

Class

A

Year Built

1990

Typical Floor Size

17,433 SF

WOW FACTORS

High-Water Vacancy: 2Q 2013 - 42.5 % leased

Asking Rate (2013): $40.00-$42.00 PSF

Percent Leased (Now): 95.0%

Asking Rate (Now): $42.00 - $45.00 PSF

Typical TI: $55-$60 PSF

Spec Spaces Leased: >15

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