100,000 SF Leased To Two Tenants at Corner Ballston Area Building

ARLINGTON, VA-The 305,000-sf building at 4250 N. Fairfax Dr. has opened its doors to two new tenants, courtesy of the property’s leasing contractor, real estate services provider Trammell Crow Co. Department of Defense information technology services contractor KEI Pearson/NCS Pearson has committed to over 88,000 sf on floors 11 through 14, and communication systems services provider Avaya Inc. has taken on 20,000-sf space.

Located in the heart of the bustling Rosslyn/Ballston submarket where the average going rate for class A office space is about $30.25, the 14-story office building is part the portfolio of a Beacon Capital Partners affiliated group that acquired the property from Qwest Communications in a sale/partial lease-back arrangement just over a year ago.

“The building was originally designed for a single tenant, Qwest, which currently occupies the first through the eighth floors of the building,” Trammell Crow senior vice president Spencer Stouffer notes. “When Qwest downsized in 2002, we were given the responsibility of leasing the remaining space. In a market where tenants have multiple options, we were pleased to have concluded two transactions which benefit all parties.” Staubach represented KEI Pearson/NCS Pearson in the transaction, while Jones Lang LaSalle stood in for Avaya.