WASHINGTON, DC–AvalonBay Communities is taking73,000 square feet of office space in over three floors of the4040 Wilson development, a project by TheShooshan Cos. and Brandywine Realty Trustto build a vertical, mixed use building in Ballston. AvalonBay'slease brings the commercial component of the building to 50%preleased. The REIT is taking space on the 8th, 9th and 10th floorsand a portion of the 7th floor, leaving approximately 117,000square feet of office space still available.

Construction on 4040 Wilson will begin in the first quarter of2018 and AvalonBay will occupy its new space upon delivery in thesecond quarter of 2020. JLL's Herb Mansinne andRobert VeShancey represented the landlord in thistransaction.

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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.

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