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1200 Wilson BLVD, Arlington...

The State Department Leases 343000 Square Feet At 1200 Wilson Blvd Arlington With Monday Properties
LEASEDOffice

The State Department Leases 343000 Square Feet At 1200 Wilson Blvd Arlington With Monday Properties

1200 Wilson BLVD, Arlington, VA 22209, USA

Building Size

343,000 SF

Asset Type

Office

Closing

Jul 21, 2017

AI

The lease involves a property located at 1200 Wilson Blvd, Arlington, VA, in the Arlington market. The total square footage of the property is 343,000. The State Department is the tenant for this property as part of a long-term lease renewal agreement with the landlord, Monday Properties.

Summary of transaction details:

The State Department is renewing its lease at 1701 North Fort Myer Drive and 1200 Wilson Blvd., increasing its footprint by 57,000 square feet. As part of the deal, a secured, above-grade connector will be constructed to link the two building lobbies, enhancing the properties into a unified campus. Key individuals involved include Tim Helmig and John Wharton from Monday Properties, and Joe Delogu and Chad Habeeb from FD Stonewater, along with CBRE's Henry Chapman and Sarah Dunstan representing the government.

Players

Chad Habeeb

FD Stonewater

Broker

1 deal

Broker
Monday Properties
Monday PropertiesLandlord

Arlington Office Market Snapshot

Boundary boundary · Office · 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