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FBR, FDIC Find New Arlington Offices

FBR logoTwo financial organizations in Arlington are moving — but they’re staying in the county.

The Federal Deposit Insurance Corp. and FBR, an investment bank, will be moving into new offices in Arlington over the next year and a half. That’s good news for economic development officials in Arlington, who are still reeling from the impending loss of the National Science Foundation and its 2,237 jobs.

FBR will move from a “trophy” office building at 1001 19th Street N. in Rosslyn to a slightly less lofty accommodations, at 1300 17th Street N., also in Rosslyn. FBR’s new lease runs through the end of 2025. First-year rent for the space — on the building’s 2nd, 13th and 14th floors — is $41 per square foot for the lower floor and $51.50 per square foot for the higher floors, according to an SEC filing.

FBR employs approximately 250 people in Arlington. The company hopes to make the move this May.

The FDIC, meanwhile, has signed a lease for 171,000 square feet in the former DARPA building at 3701 N. Fairfax Drive, in Virginia Square. The agency expects to move employees there from an office at 1310 N. Courthouse Road, in Courthouse, in April 2015.

The FDIC has an existing office at 3501 N. Fairfax Drive, and the new accommodations will eliminate the need to shuttle employees back and forth between Courthouse and Virginia Square, the Washington Business Journal reported.

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