Century One is located at 2450 Crystal Dr., totaling 389,732 sfwith more than 900 parking spaces. Adjacent building Century Two islocated at 2461 S. Clark St., totaling 238,091 sf with more than600 parking spaces. The properties are joined by a retail promenadeat the first floor street level, which is also connected toadjoining buildings and the Metro to the North.


Crystal City has been undergoing a change in its user base eversince the 2005 Department of Defense's Base Realignment and ClosureCommission decision to pull out from much of the market. Some 77%of all space was, or is being, affected by the decision. Over the pasttwo years, however, the submarket has reacted with admirable speed,repositioning itself as a private sector office destination.


"Crystal City has reawakened as a dynamic, metropolitancommunity offering businesses the best of Washington, but at moreaffordable rates," Katya Naman, vice president, Lowe EnterprisesReal Estate Group, says in a prepared statement. Naman points toone of its chief selling points--proximity to the District."Century Center is just a short drive and a few Metro stops awayfrom downtown Washington, DC and the Pentagon," she adds.


In February, Lowe Enterprises Investors acquired CrystalCity-based Jefferson Plaza from Equity Group Investments LLC onbehalf of an investment client. Jefferson Plaza is also atwo-tower, 13-story, 517,305-sf office buildingconnected at ground level with a glass-enclosed atrium.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.