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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