The Regent at 950 North Glebe

Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive representative for Owner, is please to present this opportunity to purchase The Regent ("950 N Glebe" or "the Property"), a 262,361 SF Class A office building situated prominently on the corner of Fairfax Drive and North Glebe Road in the amenity-rich Ballston core. The Property, built in 2007, sits 79% leased to 10 tenants with 8.7 years WALT and recently underwent a transformative, $7 MM amenity upgrade, driving 174,000 SF of leasing since 2023. The Property offers investors a substantial investment opportunity with remaining vacancy consisting of spec suites and two contiguous upper stack floors.

Ballston's office fundamentals remain resilient, anchored by the headquarters of two prominent federal government tenants: the Defense Advanced Research Projects Agency ("DARPA") and the Office of Naval Research ("ONR"). These longstanding occupants of Ballston are significant demand drivers for government contractor tenancy. Ballston, like markets such as Austin, TX, and Cambridge, MA, has long been at the cutting edge of developing the most advanced defense technologies and is a renowned global S.T.E.M hub. The current administration's focus on continued defense innovation is driving real-time leasing, with over 39% of all leasing activity in Northern Virginia in 2025 comprised of Technology or Aerospace & Defense tenants.

Ballston's combination of elite demographics, incredible transit access and walkability, and premier employers has cemented it as an ideal submarket to live and work. The submarket boasts approximately $1.4B in placemaking developments, including Ballston Quarter and Exchange, located less than a 10-minute walk from the Property. With direct access to Interstate 66 and a short walk to the Ballston-MU Metro Stop (Orange & Silver Lines), The Regent sits in the heart of one of Washington Metro's premier, 24/7 neighborhoods.

With the recent delivery of top of market amenities in a scarcely competitive landscape, the Property stands to succeed in the flight-to-quality trend. Accordingly, investors have the opportunity to capitalize on strong in-place cash flow and leasing tailwinds to achieve further occupancy.