This Week's D.C. Deal Sheet
Winmar Construction, one of the region's largest contractors, is moving its headquarters from Georgetown to Reston.
Winmar signed a lease for 7K SF at 2100 Reston Parkway. The building, owned by Moore & Associates, underwent a renovation beginning in 2019 and is located near the Wiehle-Reston East Metro station. Winmar said being closer to Dulles International Airport was a motivating factor in signing the lease. Winmar will continue to occupy some space in its former headquarters at 1010 Wisconsin Ave. NW, the Washington Business Journal reported.
LEASES
Raytheon is moving its global headquarters to Arlington, joining many of its peers in the defense industry. The weapons contractor already has multiple leases in Northern Virginia, including a 521K SF lease in Sterling that it renewed last year and a 116K SF lease at 1100 Wilson Blvd. in Rosslyn that it renewed in 2020. The company has not revealed how the move will impact its overall footprint.
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Four more tenants have signed on to join CBRE at The Boro Tower, bringing the 440K SF Tysons office tower 95% leased, The Meridian Group and Rockefeller Group announced Friday.
The largest, software company NetApp, will lease about 24K SF, as much as CBRE said it would lease in an announcement made last week. NetApp was represented by Savills' Ben Plaisted and John Gasque.
Lukas, LaFuria, Lantor & Sachs will lease over 6K SF and was repped by Transwestern's Stephen Cloud, Kirk Boyd and Brian O’Shaughnessy. MongoDB, a technology company, will lease 5K SF. Finally, investment management firm Cboe Vest will lease over 2K SF and was repped by CBRE's John DiCamillo.
“As the premier office building in Tysons, Boro Tower is now the world-class home to a variety of top organizations, companies and firms, and we could not be happier," said TMG Senior Vice President Katie Yanushonis in a statement.
SALES
FINANCING
DC Central Kitchen has secured $5M in New Markets Tax Credits via CAHEC New Markets, Chase and Reinvestment Fund, bringing the nonprofit within striking distance of completing its fundraising campaign. The nonprofit's $35M capital campaign will allow it to move to a new 36K SF headquarters in Buzzard Point. The facility, located at Second and V streets SW, is called the Michael R. Klein Center for Jobs & Justice and is named after the CoStar Group co-founder and chairman, who provided the fundraising campaign with an initial $10M. Construction on the new facility is underway, and the nonprofit expects to move in by the end of the year.
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Amazon is teaming up with the Metropolitan Washington Council of Governments to provide affordable housing projects near transit with pre-development grants. The Housing Affordability Planning Program is financed by $500K from Amazon's Housing Equity Fund, and will provide recipients with up to $75K for design work, feasibility studies and zoning analyses. It's part of the MWCOG's plans to focus partners on developing more housing near high-capacity transit station areas, where it anticipates 42% of the region's household growth will occur over the next decade.
MILESTONES
Puttery is planning to open its Penn Quarter space on June 22. The 19K SF location at 800 F St. NW is the mini-golf-cum-bar concept's third U.S. location. It includes three nine-hole courses with different themes and will be open for late nights throughout the week, Eater DC reported.
