TYSONS CORNER, VA-MicroStrategy has announced it will relocateits headquarters this week to a nearby building in Tysons Corner.The company is leasing more than 166,000 square feet of space at1850 Towers Crescent Plaza.

The company cites its growth as a factor in the move: it hasadded hundreds of employees worldwide this year and has hundreds ofopenings that it plans to fill over the next 12 months. The newheadquarters building will allow the company to expand its customereducation programs with a 5,800 square foot training center.

Developed by Quadrangle, the 13-story, 295,000-square-footbuilding is one of the few new properties to deliver in thissubmarket. The asset is the fourth and final office planned for theTowers Crescent mixed-use development, which includes 8000 TowersCrescent Dr., home of the Tower Club. The newest property will alsoconnect to the Tysons Corner Center shopping mall and the Metrorailstation at Route 123.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.