Thank U, Yext: Tech Company Opening 43K SF Office In Rosslyn
Yext, a New York City-based technology company, is establishing a major presence in the D.C. region.
Yext has signed a 43K SF lease at 1101 Wilson Blvd. in Rosslyn, landlord Monday Properties announced Thursday. The company plans to hire 500 people in the area over the next five years.
A publicly traded company, Yext has a market cap of $1.83B. It describes itself as the leading digital knowledge management platform and helps companies control their brand across the digital universe, with clients such as Taco Bell and Rite Aid. Yext already has existing offices in Manhattan, Berlin, Chicago, Dallas, Geneva, London, Paris, San Francisco, Shanghai and Tokyo.
"Yext is experiencing rapid growth as we create the groundbreaking technology businesses need to provide brand-verified answers in the services consumers use to find them, and growing our presence in the D.C. area is a critical step in continuing that momentum," Yext founder and CEO Howard Lerman, a Virginia native, said in a release.
The 24-story, 330K SF building at 1101 Wilson is also home to coworking provider Spaces, which signed on in 2016 for the former Artisphere space. Its amenities include a market and café, a WiFi lounge and a recently added upper lounge area and fitness center. Yext will also have access to a private, 6K SF outdoor terrace.
The building sits within two blocks of the Rosslyn Metro station and 1812 North Moore, where Monday landed Nestlé for its U.S. headquarters in 2017. Monday owns 10 buildings in the Rosslyn submarket.
Rosslyn's office market is expected to benefit from increased demand from tech firms and other companies looking to locate around Amazon HQ2, which will sit just three Metro stops away.
“Yext is a fast-growing, innovative firm that will fit right in with the companies we’re attracting to Rosslyn and the city’s vibrant scene," Monday Senior Vice President of Asset Management Austin Freeman said in a release. "The tenant and lifestyle amenities that Rosslyn has to offer continue to attract high-quality companies looking for the very best for their employees and customers.”
