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7930 Jones Branch Dr, McLea...

Hogan Lovells Leases 44500 Square Feet At 7930 Jones Branch Dr McLean VA From The Meridian Group
LEASEDOffice

Hogan Lovells Leases 44500 Square Feet At 7930 Jones Branch Dr McLean VA From The Meridian Group

7930 Jones Branch Dr, McLean, VA, 22...

Building Size

44,500 SF

Asset Type

Office

Closing

Jul 26, 2017

AI

7930 Jones Branch Dr, McLean, VA is a property where Hogan Lovells will lease a space of 44,500 square feet. The location is strategic, situated within walking distance of the Greensboro Metro station along the new Silver Line and adjacent to Route 7, Westpark, and Greensboro Drives. The property is part of a development expected to achieve LEED Gold certification, which includes a mixed-use residential and commercial space.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Hogan Lovells
  • Landlord: The Meridian Group
  • Tenant's Representative: Alexandria deVilliers (Savills Studley)
  • Broker Representing Landlord: Rob Faktorow and Terry Reiley (CBRE)
  • Square Feet: 44,500
  • Market: McLean

In the summer of 2019, Hogan Lovells will transition its Northern Virginia office to Boro Tower, currently under construction at The Boro in Tysons, VA. This move will see approximately 70 attorneys and staff relocating from Park Place II. The Boro Tower will also house TEGNA's headquarters and a Whole Foods Market, among other major tenants, contributing to its mixed-use profile.

Players

Alexandra deVilliers

Savills

Broker

2 deals

Broker
TG
The Meridian GroupLandlord
HL
Hogan LovellsTenant

Mc Lean 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