U.S. State Department, Bureau of Overseas Building Operations (OBO)
Arlington, VA
Investment Strategy:
340,000 SF
U.S. State Department, Bureau of Overseas Building Operations (OBO)
FD Stonewater teamed with owner Monday Properties on the renewal of the U.S. Department of State, Bureau of Overseas Building Operations (OBO) at 1701 Fort Myer Drive in Arlington, VA. The negotiated extension for 280,000 SF met ownership’s objectives and strategically positioned the asset ahead of its competitors in the follow-on, 15-year long-term lease procurement, which included a 60,000 square foot expansion in an adjacent building as part of a larger Department of State consolidation project for a total of 340,000 SF.
Category: Brokerage
DEAL INFO
Building:
1701 N. Fort Myer Drive
Square Feet:
340,000 SF
Client:
Monday Properties