| 2000 Year-End Market Report | |||||||
| Northern Virginia Office Report | |||||||
| Total Inventory: | 125,000,000 | ||||||
| New Deliveries and Completed Renovations: | 8,100,000 | ||||||
| Net Absorption: | 9,200,000 | ||||||
| Projects Under Construction and Under Renovation: | 12,786,000 | ||||||
| Vacancy Rate (Excluding Sublet) | 3.20% | ||||||
| Vacancy Rate (With Sublet) | 4.80% | ||||||
| Office Space Available: | |||||||
| Direct (New & Relet): | 4,000,000 | ||||||
| Sublet: | 2,000,000 | ||||||
| Total Office Space Available: | 6,000,000 | ||||||
| Space in Projects Under Construction and Under Renovation: | 4,955,000 | ||||||
| Under Construction and Under Renovation | |||||||
| Arlington | |||||||
| List Buildings by address: | |||||||
| 1801 N. Lynn Street | 347,000 | ||||||
| 671 N. Glebe Road | 225,000 | ||||||
| 3811 N. Fairfax Drive | 160,000 | ||||||
| 4501 N. Fairfax Drive | 190,000 | ||||||
| 4100 N. Fairfax Drive | 256,000 | ||||||
| 801 N. Quincy | 107,000 | ||||||
| 2900 South Quincy Street | 234,000 | ||||||
| Alexandria | |||||||
| List Buildings by address: | |||||||
| 4850 Mark Center Drive | 260,000 | ||||||
| 5971 Kingstowne Village Parkway | 153,000 | ||||||
| 300 John Carlyle Street | 79,000 | ||||||
| Fairfax | |||||||
| List Buildings by address: | |||||||
| 1725 Tysons Blvd. | 565,000 | ||||||
| 11730 Plaza America Drive | 186,000 | ||||||
| 11720 Plaza America Drive | 275,000 | ||||||
| 7900 Jones Branch Road | 1,367,000 | ||||||
| Parkstone Drive (GlenEagle @ Westfields) | 80,000 | ||||||
| 14560 Avion Parkway | 72,000 | ||||||
| 14550 Avion Parkway | 72,000 | ||||||
| 14428 Albemarle Point Place | 33,000 | ||||||
| 14420 Albemarle Point Place | 87,000 | ||||||
| 3855 Centerview Drive - Post Building | 43,000 | ||||||
| 3859 Centerview Drive - Davis Building | 43,000 | ||||||
| 5875 Trinity Parkway | 90,000 | ||||||
| 4029 Ridge Top Road | 54,000 | ||||||
| 12900 Worldgate Drive | 230,000 | ||||||
| Centerville Road @ Dulles Toll Road | 400,000 | ||||||
| 13800 Coppermine Road | 85,000 | ||||||
| 2250 Corporate Park Drive Woodland Park | 156,000 | ||||||
| 13560 Dulles Technology Drive | 190,000 | ||||||
| 2325 Dulles Corner Blvd | 212,000 | ||||||
| 8270 Willow Oaks Corporate Drive | 183,000 | ||||||
| 8103-8111 Lee Highway | 100,000 | ||||||
| 8503 Arlington Blvd | 88,000 | ||||||
| 7389 Lee Hwy | 26,000 | ||||||
| 2941 Fairview Park Drive | 367,000 | ||||||
| 2675 Prosperity Avenue | 159,000 | ||||||
| 2677 Prosperity Avenue | 159,000 | ||||||
| 1925 Isaac Newton Square | 75,000 | ||||||
| 11465 Sunset Hills Road | 86,000 | ||||||
| 12220 Sunrise Valley Drive | 79,000 | ||||||
| 12300 Pinecrest Road | 20,000 | ||||||
| 1775 Wiehle Avenue | 134,000 | ||||||
| 6354 Walker Lane | 136,000 | ||||||
| 1555 Spring Hill Road | 75,000 | ||||||
| 1550 Westbranch Drive | 152,000 | ||||||
| 8010 Towers Cresent Drive | 96,000 | ||||||
| 8401 Greensboro Drive | 210,000 | ||||||
| 8020 Towers Cresent Drive | 225,000 | ||||||
| 7575 Colshire Road | 285,000 | ||||||
| 7555 Colshire Road | 285,000 | ||||||
| 7515 Colshire Road | 300,000 | ||||||
| 7950 Jones Branch Road | 800,000 | ||||||
| 1550 Park Run Drive | 590,000 | ||||||
| 1525 Park Run Drive | 400,000 | ||||||
| 1600 Tysons Blvd | 293,000 | ||||||
| Loudoun | |||||||
| List Buildings by address: | |||||||
| 21000 Dulles Blvd. | 180,000 | ||||||
| Indian Creek Drive (Loudoun Gateway IV) | 100,000 | ||||||
| Holiday Drive @ Shaw Road | 100,000 | ||||||
| 21785 Filigree Court | 61,000 | ||||||
| 46000 Centre Oak Plaza | 60,000 | ||||||
| 21660 Ridgetop Circle | 57,000 | ||||||
| 21680 Ridgetop Circle | 36,000 | ||||||
| 21355 Ridgetop Circle Lakeside @ Loudoun Tech Center Phase III | 101,000 | ||||||
| 45745 Nokes Blvd. | 98,000 | ||||||
| 21641 Ridgetop Circle | 60,000 | ||||||
| 45305 Catalina Ct. | 40,000 | ||||||
| 45300 Catalina Ct. | 40,000 | ||||||
| 22636 Davis Drive | 75,000 | ||||||
| 22630 Davis Drive | 75,000 | ||||||
| Waxpool Road @ Broderick Road | 129,000 | ||||||
| Total Square Footage: | 12,786,000 | ||||||
| 2000 Buildings Taken Out of Inventory: | |||||||
| 1915-1925 Isaac Newton Drive | 41,184 | ||||||
| New Deliveries and Completed Renovations | |||||||
| Arlington: | |||||||
| List Buildings by Address: | |||||||
| 1515 N. Courthouse Road | 249,000 | ||||||
| Alexandria: | |||||||
| List Buildings by Address: | |||||||
| 625 N. Washington Street | 127,000 | ||||||
| 1900 Duke Street | 95,000 | ||||||
| 675 N. Washington Street | 127,000 | ||||||
| 4825 Mark Center Drive | 211,000 | ||||||
| Fairfax: | |||||||
| List Buildings by Address: | |||||||
| 14685 Avion Parkway | 166,000 | ||||||
| 15059 Conference Center Drive (Greens II) | 145,000 | ||||||
| 4501 Singer Court | 104,000 | ||||||
| 14700 Lee Road | 85,000 | ||||||
| 14901 Bogle Drive | 75,000 | ||||||
| 14840 Conference Center Drive | 70,000 | ||||||
| 14850 Conference Center Drive | 70,000 | ||||||
| 4080 Lafayette Center Drive | 68,000 | ||||||
| 14151 Newbrook Drive | 80,000 | ||||||
| 14155 Newbrook Drive | 80,000 | ||||||
| 3863 Centerview Drive - Gallager Bldg. | 45,000 | ||||||
| Conference Center Drive @ Lee Road Westfields | 142,000 | ||||||
| 3926 Pender Drive Bldg II | 54,000 | ||||||
| 3928 Pender Drive Bldg I | 44,000 | ||||||
| 3924 Pender Drive Bldg III | 27,000 | ||||||
| 3922 Pender Drive Bldg IV | 46,000 | ||||||
| 12950 Worldgate Drive | 205,000 | ||||||
| 13900 Lincoln Park Drive | 201,000 | ||||||
| 2565 Horse Pen Road | 201,000 | ||||||
| 13600 Dulles Technology Drive | 113,000 | ||||||
| 2251 Corporate Park Drive Plaza Ridge II | 156,000 | ||||||
| 12901 Worldgate Drive | 81,000 | ||||||
| 13650 Dulles Technology Drive | 113,000 | ||||||
| 2300 Corporate Park Drive | 159,000 | ||||||
| 12825 Worldgate Drive | 81,000 | ||||||
| 12801 Worldgate Drive | 81,000 | ||||||
| 13530 Dulles Technology Center | 183,000 | ||||||
| 220 Spring Street | 140,000 | ||||||
| 8501 Arlington Blvd | 92,000 | ||||||
| 2901 Telestar Court | 73,000 | ||||||
| 11951 Freedom Drive | 415,000 | ||||||
| 11710 Plaza America Drive | 275,000 | ||||||
| 1741 Business Center Drive | 42,000 | ||||||
| 11111 Sunset Hills Road | 216,000 | ||||||
| 1943 Isaac Newton Square | 75,000 | ||||||
| 12000 Sunrise Valley Drive | 186,000 | ||||||
| 12160 Sunrise Valley Drive | 124,000 | ||||||
| 6315 Bren Mar Drive | 280,000 | ||||||
| 6350 Walker Lane | 130,000 | ||||||
| 8283C Greensboro Drive | 180,000 | ||||||
| 1861 International Drive | 177,000 | ||||||
| 8270 Greensboro Drive | 158,000 | ||||||
| 8405 Greensboro Drive | 221,000 | ||||||
| 8444 Westpark Drive NADA | 216,000 | ||||||
| Loudoun County: | |||||||
| List Buildings by Address: | |||||||
| 22451 Shaw Road | 80,000 | ||||||
| 20925 Professional Plaza | 25,000 | ||||||
| 44080 Riverside Parkway | 67,000 | ||||||
| 44900 Prentice Drive - Bldg III | 184,000 | ||||||
| 44900 Prentice Drive - Bldg IV | 184,000 | ||||||
| 19750 Janelia Farm Blvd. | 74,000 | ||||||
| 21740 Beaumeade Circle | 58,000 | ||||||
| 22461 Shaw Road | 54,000 | ||||||
| 21010 Dulles Town Circle | 65,000 | ||||||
| Ridgetop Circle Lakeside @ Loudoun Tech Center Phase II | 112,000 | ||||||
| 45200 Business Court | 77,000 | ||||||
| 44675 Cape Court | 75,000 | ||||||
| 21335 Signal Hill Plaza | 63,000 | ||||||
| 46040 Center Oak Plaza | 47,000 | ||||||
| 45980 Center Oak Plaza | 40,000 | ||||||
| 45960 Center Oak Plaza | 35,000 | ||||||
| 21670 Ridgetop Circle | 33,000 | ||||||
| 21631 Ridgetop Circle | 60,000 | ||||||
| 22894 Pacific Blvd Vintage Park | 83,000 | ||||||
| Total Square Footage: | 8,100,000 | ||||||
| Top Ten Largest Non-Renewal Lease Transactions | |||||||
| Tenant | Address | SF | |||||
| 1 | U.S. Patent and Trade Office | Duke Street and Eisenhower Avenue | 2,000,000 | ||||
| 2 | Cable & Wireless | 11720 Plaza America Dr. | 265,000 | ||||
| 3 | AboveNet | Business Center Dr. | 265,000 | ||||
| 4 | E-Trade | 671 North Glebe Rd. | 225,000 | ||||
| 5 | XO Communications | 11111 Sunset Hills Rd. | 216,000 | ||||
| 6 | PSI Net | 44983 Knoll Square | 205,000 | ||||
| 7 | Proxicom | 12000 Sunrise Valley Dr. | 186,000 | ||||
| 8 | Qwest | Dulles International Corridor | 172,448 | ||||
| 9 | Aether Systems | 8401 Greensboro Dr. | 155,785 | ||||
| 10 | Microstrategy | 1676 International Dr. | 125,000 | ||||
| Top Ten Largest Office Sales Transactions: | |||||||
| Address | Purchaser | RBA | Price | ||||
| 1 | 12100-12120 Sunset Hills Rd. | Charles E. Smith Companies | 487,199 | $109,000,000 | |||
| 2 | 1410-1430 Spring Hill Rd. | Charles E. Smith Companies | 475,000 | $103,400,000 | |||
| 3 | 11400-11440 Commerce Park Dr. | Charles E. Smith Companies | 412,236 | $79,440,000 | |||
| 4 | 1593-1595 Spring Hill Rd. | CB Richard Ellis Investors | 347,000 | $75,500,000 | |||
| 5 | 2070 Chain Bridge Rd. | Walton Street Capital | 419,262 | $67,000,000 | |||
| 6 | 10300 Eaton Place | Koll Bren Schreiber Realty Advisors | 407,000 | $64,000,000 | |||
| 7 | 13605-13665 Dulles Technology | Clarion Partners | 349,204 | $59,150,000 | |||
| 8 | 1525 Wilson Blvd. | Blackstone Real Estate Advisors | 297,842 | $57,750,000 | |||
| 9 | 1970 Chain Bridge Rd. | Rubenstein Company | 423,773 | $54,500,000 | |||
| 10 | 2010 Corporate Ridge Rd. | Teachers Insurance & Annuity | 252,315 | $49,187,500 | |||