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
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