Tishman Speyer Announces Lease at Commonwealth Tower | Announcements | Tishman Speyer


Tishman Speyer Announces Lease at Commonwealth Tower

Arlington, VA July 15, 2010

Tishman Speyer announced today that EADS North America has signed a lease agreement for approximately 39,000 square feet at Commonwealth Tower in Arlington, Va. The tenant is taking the building’s sixth floor immediately, and will lease a portion of the ninth floor beginning in January 2011.

EADS North America is the holding company for the U.S. operations of the world’s second-largest aerospace and defense firm. It is a leading supplier and industrial partner in defense and homeland security, commercial aviation, helicopters and telecommunications. The company is expanding from space it currently leases at a nearby property.

Jeff Groh and Michael Blyumin of Jones Lang LaSalle represented the tenant in the transaction announced today. Tony Womack and Brooks Brown of Tishman Speyer represented building ownership.

The 15-story, 360,139-square-foot Commonwealth Tower is located in the heart of the Rosslyn section of Arlington, providing it with exceptional access to downtown Washington, D.C. The property is situated near Route 50, the George Washington Parkway, I-66 and Route 110, and is one-half block from the Orange/Blue Line, Rosslyn Metro Station. Tenants enjoy views of the Northern Virginia and Washington, D.C. skyline. The building was fully renovated in 1996 and features unique symmetrical floor plates that allow for eight corner offices per floor, an on-site fitness center and a full-service restaurant.

Tishman Speyer has been active in the Washington, D.C. market with a regional office for more than a decade. In all, the firm currently owns, manages and leases over 11 million square feet of high-quality office buildings in the region. The firm has developed area office projects such as One Metro Center, 1775 Pennsylvania Avenue, 1100 First Street NE, and the majority of the buildings in Woodland Park, a large office park in Herndon, Va.

About Tishman Speyer (www.tishmanspeyer.com)

Tishman Speyer is one of the leading owners, developers, operators and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York’s Rockefeller Center and Chrysler Center, Berlin’s Sony Center, and Torre Norte in São Paulo, Brazil.