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TYSONS CORNER, VA-This is getting to be a habit. The Commonwealth of Virginia has lured another corporation to relocate within its borders—Intelsat, one of the world’s top providers of satellite services. The company is moving out of the District and to Tysons Tower, a building being developed by Macerich and the Alaska Permanent Fund Corp. It will lease 188,000 square feet, or 37% of the building, with an option to expand to 50%.

The lease was a coup for Virginia, which has become quite skilled at attracting headquarters and major business operations from other states; indeed the new lease was unveiled by Governor Bob McDonnell. A number of officials were on hand for the announcement, in fact, including Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority. He noted that Intelsat will broaden Fairfax County’s economic base—during a crucial period.

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