Completed in 2012, the 10-story office building for sale in Alexandria, Virginia, was built to the highest of architectural, design and sustainability standards. 800 North Glebe features a dramatic curtain-wall facade with four sides of glass and sweeping panoramic views of northern Virginia. Additionally, tenants benefit from a trophy amenity package that includes a two-story jewel box-style main lobby, first-class fitness center, full-service concierge, onsite retail and a three-level underground parking garage with 535 spaces. The building was named the Office Building of the Year by NAIOP Northern Virginia as part of its 2012 Awards for Excellence.
Office Building Investment Benefits
- LEED Gold Trophy Office Building: 800 North Glebe is one of only three buildings in the Rosslyn-Ballston corridor originally designed and built LEED Gold or higher for core and shell. Built with recycled and locally-sourced materials, the ENERGY STAR-rated building boasts highly-efficient floor plates with 9’ to 9’6” ceilings in addition to 45’ column spans, water use-reduction technologies, indoor air quality assurance and maximized daylighting and view.
- Prominent Ballston Location: 800 North Glebe is prominently located on the northwest corner of North Glebe Road and Wilson Boulevard. The property is steps away from the Ballston-MU Metro station, providing tenants access to the Orange and Silver lines and broader connectivity to the Washington, D.C. metropolitan area. Additionally, the office building is two blocks from Ballston Common Mall and walkable to more than 60 restaurants.
- Superior Market Fundamentals: According to a recent report from the Association of Foreign Investors in Real Estate (AFIRE), the Washington, D.C. metropolitan area remains one of the premier global real estate investment markets and top four within the U.S. due to its strong market fundamentals, stable tenant base and significant barriers to entry. Additionally, the Ballston submarket is a major regional hub for research and technology, housing government agencies Defense Advanced Research Projects Agency (DARPA) and Office of Naval Research (ONR), and academic and research institutions, including George Washington, Virginia Tech, George Mason and Marymount Universities. Close proximity to these agencies and institutions is vital for private contractors, especially relating to DARPA, which requires its contracts to be within a one-quarter radius of its headquarters.
- Globally- and Nationally-Recognized Credit Tenants: 800 North Glebe is 100 percent and or under LOI long term to eight tenants, including office tenants Accenture (NYSE: CAN, A+ credit rating), Evolent Health [backed by UPMC Health Plan, Willis Towers Watson plc, The Advisory Board (NASDAQ: ABCO) and TPG Growth] and Phacil. The four office tenants occupy approximately 273,257 square feet (70 percent of the total rentable area) through 2020 and beyond, with a weighted average remaining lease term of 8.5 years. Retail tenants include local restaurant favorites Mussel Bar & Grille, Cheesetique, Sweet Leaf and Total Wine & More. Investors will immediately benefit from the credit and stability of the in-place tenancy while having the opportunity to lease the building’s top two floors.
800 North Glebe is a commercial property for sale in Arlington, Virginia, that is highly sought after by today’s most sophisticated office tenants. This property presents an opportunity for investors to acquire an award-winning trophy asset in a premier submarket near Washington, D.C. To learn more about 800 North Glebe or other commercial real estate listings in the DC area, contact HFF Executive Managing Director Stephen Conley, Senior Managing Directors James Meisel, Stephen “Dek” Potts, Jr. and Andrew Weir or Associate Director Matt Nicholson in HFF’s Washington, D.C. office.