8619 Westwood Center Drive Tysons, VA
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1 8619 Westwood Center Drive Tysons, VA Walk to Metrorail and outstanding amenities Great auto access Parking Ratio = 3.6 / 1000 SF (free garage and surface parking) Great Tysons value play savills-studley.com Mark Roberts mroberts@savills-studley.com Leland Middleton lmiddleton@savills-studley.com
2 Property Summary 8619 Westwood Center Drive Building Size: 98,568 SF on 4 floors Parking Ratio: 3.6 per 1,000 SF (free garage and surface parking) Year Built: 1984 Owner: 8619 Westwood Center, LLC This is part of the original AOL Campus where the internet took shape 2
3 3
4 Site Overview Metro Proximity ¼ Mile ½ Mile 4
5 Site Overview Amenities 8619 Westwood Center Drive 5
6 Features & Benefits 8619 Westwood Center Drive Established neighborhood with exciting new amenities Exceptional regional transit access (Metrorail, automobile and convenient to two major airports) Walk to the Spring Hill Metrorail Station (1/3 mile) Westwood Center Drive is just one traffic light from the interchange for Route 267 and Route 7 (Dulles Toll Road & Leesburg Pike) Walk to over a dozen excellent food options located on the block Two hotels just a stone throw away (Sheraton Premiere and Marriott Residence Inn) WalMart urban store with grocery department Walk to the 24 Hour Fitness above WalMart This neighborhood and the surrounding neighborhoods will experience massive long-term investment and mixed-use redevelopment to take advantage of the new rail station and higher density The building has two full floors coming available plus additional spaces for a total block of 74,700 SF Great value play with reasonable rental rates Owner will consider long-term or short-term leases (flexibility) 6
7 1 st Floor - Suite 9,162 SF 7
8 1 st Floor - Suite 9,162 SF (hypothetical layout) 8
9 2 nd Floor - 23,715 SF Available
10 3 rd Floor - 23,715 SF Available (or earlier) 10
11 4th Floor - Suite 4,444 SF 11
12 4th Floor - Suite 4,444 SF (hypothetical layout) 12
13 Development Activity in Tysons West JBG Companies (now JBG Smith), one of the premier development firms in the U.S., has already made a significant investment in the neighborhood with their Tysons West project. Located 1/8 mile from the Spring Hill Metro station, total development at Tysons West is anticipated to include over 250k SF of retail, 400k SF of office space and 675 residential units. Tysons West Phase I completed August, 2013 (July 2014 sold to LaSalle Investment Management) 135k SF of retail: WalMart (urban store with groceries), 24 Hour Fitness, Smash Burger, Noodles & Company and Moby Dick Kabob 30k SF of medical office space Complete renovation of the 449-room Tysons Sheraton Premiere (iconic 24-story hotel tower that has been a long-time Tysons landmark) Remaining Development (subject to change) 100k SF of additional retail 300k SF of office space 675 residential units 13
14 Development Activity Near Tysons West Across Leesburg Pike, the Georgelas Group received approvals from Fairfax County to develop a mixed-use project known as Spring Hill Station. At full build-out, the project will include 7.6M SF of office, retail, residential and hospitality situated on a 31.0 acre assemblage with multiple owners. While full completion of the project is many years away, two impressive residential towers have already delivered the 26-story ASCENT and the 34-story ADAIRE which dramatically altered the Leesburg Pike skyline. Spring Hill Station The Ascent Georgelas sold a 1.6-acre site to Greystar in March 2012 Greystar delivered a 404-unit 24-story high-rise residential tower in early 2014 The Adaire Georgelas sold a 0.8-acre site to Greystar in July 2014 Greystar delivered a 34-story high-rise residential tower with 400-units in
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