Lincoln Takes 4040 Wilson to 95% Leased In A Matter of Months
Lincoln Property Company’s Virginia Office Leasing team has led 4040 Wilson in Arlington, Virginia, from 60 percent to 95 percent leased since taking on the property at the end of 2021. Under Lincoln’s oversight, this 185,000-square-foot, mixed-use Ballston property now only has two spec suites and 8,000 square feet of vacancy remaining.
Within the last 8 months, Lincoln’s signed tenants include Analytic Services, Inc. (ANSER), Garrett Group, Inc., Parallax Advanced Research, Pointe Advisory, and Voltera Power.
Gary Cook, Senior Vice President, and Stoddie Nibley, Senior Vice President of Lincoln’s Virginia Office Leasing team, represented ownership in executing the leases.
“It’s exciting for us to see these dynamic companies come to 4040 Wilson,” said Cook. “This top-of-the-line, mixed-use building is one of the few, truly, live-work-play properties in Arlington. The building was developed with placemaking in mind with ground floor retail, office, residential, and a spectacular rooftop terrace, all infused with sleek design, high-tech amenities.”
Class A Attraction
Lincoln and 4040 Wilson attracted tenants in a challenging commercial real estate market by promoting the property’s unrivaled quality and possession of key offerings that companies are looking to offer their employees in 2023. As companies strive to create workspaces that bring team members back to the office, they’re seeking to offer the best amenities, and high-quality office space available.
Dedicated to creating a high-quality, unique experience, 4040 Wilson offers a best-in-class tenant experience, with high-tech conference, collaboration, and teaming rooms, alongside media centers and other specialty spaces. Standing at 23 stories high, it is the tallest building in Ballston. Tenants have expressed that its 23rd-floor combination rooftop terrace and conference center, as well as the second-floor amenity spaces, are major selling points.
Additionally, the property’s exceptional efficiencies, systems, and technologies appealed to business owners looking to optimize productivity and increase savings. 4040 Wilson is LEED Gold-certified and is pursuing Fitwel Certification.
Layouts Right for Right-Sizing
Tenants are attracted to 4040’s layout flexibility for right-sizing. As companies adjust to a hybrid workforce, they’re seeking spaces that flex to their 2023 needs. 4040 Wilson’s floor sizes and suites are easy for companies to customize, and its virtually column-free floors offer the most efficient core factor in the market.
Ballston Buzz
The multi-use property is situated in a correspondingly mixed-use area that offers convenience and entertainment that tenants know will delight their team members. It is Metro and bus transit accessible, as well as parking friendly. Walkable retail and dining options are abound, including on-site restaurant The Salt Line and luxury gym and spa, VIDA Fitness, which occupies three partial floors of 4040 Wilson.
4040 Wilson is New ANSER HQ
Notably, ANSER, signed a long-term lease in April, relocating its corporate headquarters to the property after an in-depth workplace analysis. ANSER is relocating from Falls Church and will be moving into over 46,000 square feet of high-tech office space at 4040 Wilson in February 2024.
“We look forward to a new facility with modern infrastructure, substantially more meeting space, and substantially more classified space in a thriving community for many years to come,” said ANSER’s President and CEO, Steve Hopkins.
ANSER was drawn to the Ballston building’s urban setting, property amenities, and spectacular views of the area including views of Washington, D.C., along with the property’s amenities. The move reflects the company’s goals of providing employees with access to lively, urban environments, including easily accessible retail, convenience, and cultural amenities, supporting their focus on work-life integration.
Limited Vacancies Remain
In addition to ANSER, Parallax Advanced Research expanded its operations to include a Washington, DC office location in 4040 Wilson in fall 2022. Pointe Advisory leased 8,500 square feet of space this past winter, Voltera Power signed on for 3,500 square feet in March, and Garrett Group leased 3,000 square feet in April. Two remaining spec suites are ready to welcome tenants, measuring 5,854 and 2,424 square feet, respectively. Contact Lincoln’s Virginia Office Leasing Brokerage if you’re interested in taking a tour.
