The 14-story, 280,000 square foot office building at 1777 N. Kent Street, on the easternmost end of Rosslyn, will be undergoing a full-scale renovation. Building owners Vornado and Gould Property Company announced late last week that they had secured $53.5 million in debt financing from Wells Fargo to help pay for the renovations, which will include “new lobby and common areas and upgrades to the building’s mechanical systems.”
The building, which was built in 1980, is also known as Rosslyn Plaza North.
The Corporate Executive Board has already pre-leased more than 100,000 square feet in the renovated building. That’s in addition to their existing 625,000 square foot lease at the Waterview building at 1919 N. Lynn Street, the Washington Business Journal previously reported.
Jones Lang LaSalle, which helped arrange the financing, described Rosslyn as “one of the strongest office markets in the United States.”
“Situated in Rosslyn, Virginia, 1777 N. Kent Street offers an irreplaceable location including stunning, unobstructed and monumental views of the Washington, D.C. skyline,” the company said in a press release. “The submarket, one of the top performing in the DC metropolitan area offers an urban setting providing abundant amenities and direct access to Metrorail’s Blue and Orange lines, the area’s critical roadways and major international airports including Washington Reagan National Airport and Washington Dulles International Airport.”
Photo via Vornado