ARLINGTON, VA. — The U.S. General Services Administration has a lease renewal with Los Angeles-based Lowe Enterprises for 310,202 square feet in Jefferson Plaza. The agreement will keep the GSA in the building for the next 5 years.
The two-building office complex, which contains 550,000 square feet of office space, is located at 1411 and 1421 Jefferson Davis Highway in Arlington. Jefferson Plaza is a short distance from the Pentagon and Washington, D.C. In April 2008, Lowe Enterprises acquired the development from Equity Group Investments on behalf of an investment client. Lowe currently serves as the complex’s property manager. National Guard Bureau is the property’s biggest tenant, occupying 70 percent of the development.
Charles Dilks of Grubb & Ellis’ Vienna, Va., office and Keith Lavey and Kurt South of the firm’s Washington office represented the landlord in the transaction. The three brokers are part of Grubb & Ellis’ government services group.
— Jon Ross