WeWork Leases 83294 Square Feet At 1201 Wilson Blvd Arlington From Landlord JBG Smith
1201 Wilson BLVD, Arlington, VA, 22209
Building Size
83,294 SF
Asset Type
Mixed-use
Closing
Dec 21, 2018
AI
The property asset involved in this lease transaction is located at 1201 Wilson BLVD, Arlington, VA, 22209. WeWork has signed an 83,294-square-foot lease for office space at CEB Tower at Central Place in Rosslyn. The mixed-use tower spans 31 stories and includes retail and dining space alongside an outdoor public plaza. The property was delivered earlier this year and is now 93 percent leased.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 83,294
- Address: 1201 Wilson BLVD, Arlington, VA, 22209
- Market: Arlington
- Landlord: JBG Smith
- Tenant: WeWork
- Landlord's Representatives: Anna Faktorow (CBRE), Caroline Bour (CBRE), Jill Goubeaux (CBRE)
- Tenant's Brokers: Gregory Lubar (JLL), Andy O’Brien (JLL), Greg Lubar (JLL)
The lease transaction involved key representatives from both sides. JBG Smith was represented by Jill Goubeaux, Terry Reiley, Caroline Bour, and Anna Faktorow from CBRE. On the other side, WeWork was represented by Gregory Lubar, Andy O’Brien, and Zach Boroson from JLL. WeWork is expected to occupy the 25th through 28th floors of the building and plans to open its space in the second quarter of 2019.
Arlington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93