ARLINGTON, VA. — Washington, D.C.-based Penzance has received site plan approval from the Arlington County Board for a $150 million, 280,000-square-foot, mixed-use office and retail project located one block from the Clarendon Metro Station in Arlington. Ground breaking on 3001-3003 Washington Boulevard is slated for this spring.
“We want to thank the Clarendon community, county staff, the Historical Affairs and Landmark Review Board, the transportation and planning commissions and the county board for their hard work and support as we worked together to assure the successful integration of 3001-3003 Washington Boulevard in this vibrant neighborhood,” said Victor Tolkan, managing partner and founder of Penzance, in a prepared statement.
The development will include two separate office properties, a 10-story, 200,000-square-foot building attached to and sharing complementary architecture with its neighbor, an 8-story, 80,000-square-foot building. The first floors will contain 28,000 square feet of retail space, as well as a public plaza and expansive sidewalk areas to accommodate café tables and outdoor seating for retail tenants. The buildings are designed to LEED Silver standards.
The first tenant has already been retained for the property. CNA will relocate its current headquarters, located at 4825 Mark Center Dr. in Alexandria, Va., to 175,000 square feet in the larger building. Approximately 600 employees will move to the property upon completion in early 2014.
“CNA shares the excitement of this site plan approval and looks forward to its future in Clarendon, one of the few truly 24/7 live, work, play communities in the area that has embraced and preserved its historical charm while encouraging growth and a diverse mix of amenities,” said Robert Murray, CEO of CNA, in a prepared statement.
“Access to Metro, excellent sponsorship, architectural excellence and the ability to grow within the project all contributed to our decision.”
Rob Copito of Jones Lang LaSalle’s McLean, Va., office, along with Matt Siefel and Dan Rasmussen of UGL Equis’ Washington, D.C., office represented the tenant in the lease transaction. Penzance was represented by Herb Mansinne and Bob VeShancey of Jones Lang Salle's McLean office.
— Savannah Duncan