Newspaper Association Signs 37,000-SF Lease

ARLINGTON, VA-The Newspaper Association of America has claimed a 37,000-sf space at 4401 Wilson Blvd. The organization signed a lease at the 260,000-sf office building, which is currently under construction. The deal paves the way for the organization’s relocation from its current headquarters at 1921 Gallows Rd. in Vienna.

Relying on Michael Katcher of Cushman & Wakefield for representation, NAA committed to a 10-year lease with property owner National Rural Electric Cooperative Association. NRECA was represented by Transwestern Commercial Services, which markets space in the building for $34.50 to $36 per sf.

Scheduled for completion in the first half of 2006, 4401 Wilson Blvd. will feature 248,000 sf of class A office space and 12,000 sf of ground-level retail space off Interstate 66 near the Ballston Metro Station. “A Metro accessible location, strong amenity base, new construction and favorable economics appealed to our client,” Katcher notes. NAA will make its home on the entire ninth floor and part of the eighth floor of the 11-story structure beginning in early 2007.