589 11th Avenue
US - New York, NY
SGD 13,130,000 | 1,463 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for AEW (“Owner”), is pleased to present this opportunity to purchase 2070 Chain Bridge
Road (the “Property”), a 450,807 RSF office building prominently overlooking Leesburg Pike (Route 7) and Chain Bridge Road. Part of a limited number of assets
that is both within one-quarter of a mile of the Metro and able to meet GSA prospectus, 2070 Chain Bridge Road is a landmark asset that has defined the Tysons skyline for decades. This investment is a rare opportunity to control generational real estate in one of the nation’s most dynamic and fastest growing submarkets.
Sitting directly on top of secure fiber infrastructure, the Property has a distinct advantage in securing GSA tenants with high security needs. This is reflected in
the 72% of the building’s leased space (231,901 SF) that is committed to by three distinct federal government agencies (Treasury, Homeland Security, Social Security
Administration) representing 10.8 years of GSA weighed average lease term (“WALT”). As the recent beneficiary of a transformative $11 million renovation, the Property offers market leading amenities – including a new lobby, fitness center, state-of-the art conference center, onsite restaurants, and convenient access to all Northern Virginia – including the best shopping and dining in the region.
Collectively 75% leased to 16 Tenants, 2070 Chain Bridge Road is a highly coveted investment offering positioned for success and performance. Its compelling basis will offer investors a highly flexible business plan that will capitalize on the comprehensive amenity package already in-place and enable investors to drive value through the lease-up and further amenitization of the asset amidst Tysons’ continued growth.
72% of the Property’s leased space (53% of RBA) is committed to
the U.S. Government with a GSA attributable WALT of 10.8 years
LONG-TERM LEASES The Property’s rent roll boasts a 9.1-
year WALT, with only 11% of the leases maturing over the next four years
Walkable to the Greensboro Silver Line Metro Station, and proximate to the
interchange of I-495 & Route 7
TYSONS UNPRECEDENTED GROWTH
39% population growth from2010-2018 – Higher than the top 10 fastest growing MSA’s