Exclusive: Monday's Big Leases
Monday Properties has kicked off the year with three big wins in Rosslyn. Renowned entrepreneur Cobro Ventures signed a 6k SF lease at 1000 Wilson Blvd, one of Rosslyn’s trophy “Twin Towers.” Monday regional director John Wharton (right, with colleague Deniz Yener) says Cobro will move in Q2 from Bethesda, where it considered expanding. John, who worked with JLL on the deal, says the founders were hooked by the views and the growing talent pool in Rosslyn. The electric charging stations in the garage also helped. (Both founders drive electric cars.) Monday COO Tim Helmig says he rarely meets business partners with the vision of Cobro founders Alain and Marc Cohen. Trained as engineers and technologists, they've launched companies like Acetylon Pharmaceuticals and Opnet, which sold for a cool billion dollars.
Monday has also snagged Washington Free Beacon, an online political media company, which took 8k SF on the 26th floor of 1000 Wilson Blvd. (This is the stunning view from the 31st.) The company will move in Q2 from another part of Arlington. John says it needed easy access to Metro so its reporters could get to the Hill quickly. It comes on the heels of Monday’s Rosslyn deal last year with Politico, which took 70k SF at 1100 Wilson Blvd.
Monday also recently signed a new 10-year lease in 1000 Wilson with Riveron Consulting. The Dallas-based financial firm doubled its space to 10k SF. JLL associate director Kevin Brant, who represented Riveron, says Rosslyn has been getting more attention from tenants looking for space because of new office product being built there, and the arrival of more amenities (like this car charging station) and restaurants. John says Monday is working on several more leases for multiple floors in Rosslyn and expects to announce them in the next 30 to 60 days. He says the momentum comes after two rough leasing years in the DC economy, and as Rosslyn transitions from an aerospace and defense hub to a market for high-growth companies with young talent.
