TEGNA to Lease Top Floors of Trophy Tower near Greensboro Metro Station in Tysons
The Meridian Group announced today that TEGNA Inc. (NYSE: TGNA) is moving its headquarters to Boro Tower, a new 20-story trophy office tower to be built in Tysons as part of The Boro’s 1.7-million-square-foot first phase.
TEGNA will lease the top floors of Boro Tower – approximately 60,000 of the building’s 440,000 square feet – starting in early 2019.
“We are thrilled and proud that TEGNA chose The Boro for its new headquarters,” said David Cheek, president and co-founder of The Meridian Group, which is developing The Boro. “Boro Tower will be a striking trophy building designed for tenants seeking state-of-the-art quality and design. It’s ideally suited for an innovative, forward-thinking company like TEGNA.”
TEGNA is comprised of a dynamic portfolio of media and digital businesses, including 46 television stations, Cars.com, CareerBuilder and G/O Digital. The company is relocating from its current headquarters at 7950 Jones Branch Drive in McLean, Va.
“We are very excited about our new office space and TEGNA being an anchor tenant in a premiere new development,” said Gracia Martore, president and CEO of TEGNA. “The Boro will be fresh, innovative and dynamic, just like TEGNA. It will be a great fit for our employees and enable them to enjoy many amenities, such as Metro, shopping, dining and entertainment.”
CBRE played a key role in the leasing: TEGNA was represented by CBRE’s Meredith LaPier and Rob Faktorow, and The Meridian Group was represented by Terry Reiley of CBRE.
“We thoroughly enjoyed working closely with TEGNA executives, their counsel and CBRE team throughout the selection process and lease negotiation,” said Gary Block, partner and managing director of The Meridian Group. “TEGNA shares our vision of making The Boro one of the preeminent developments in the Washington area.”
Featuring 9 to 10-foot ceiling heights, an expansive rooftop terrace and panoramic views from the Blue Ridge Mountains to downtown Washington, the Gensler-designed Boro Tower will welcome TEGNA as its first pre-lease. The move bolsters an already stellar roster of anchor tenants at The Boro, including Whole Foods Market and ShowPlace ICON Theatre.
“We are delighted that TEGNA is our first office tenant at The Boro, and that we were able to prelease 60,000 square feet of Boro Tower prior to construction,” said Bruce Lane, executive vice president and managing director of The Meridian Group. “A lot of great things are happening at The Boro, and a lot more are on the way.”
The Boro, scheduled to break ground later this summer, will be the premier Metro-oriented, mixed-use destination in Tysons. Located within walking distance of the Greensboro Metro station, the development will consist of a vibrant mix of office, rental and for-sale residential, retail, entertainment and open park space – a walkable urban environment that has been long desired in Tysons.
“The Boro will provide TEGNA employees with a dynamic, amenity-rich ‘place’ to work, shop dine and relax,” Lane said. “They could not have a better home for their headquarters.”
From its vantage on “The Hill” – the highest ground elevation in Fairfax County – Boro Tower will rise 20 stories above the surrounding landscape with shimmering glass curtain wall, accented by a modern, white-glazed terra cotta.
The LEED Gold-designed tower will feature ideally sized, efficient floorplates that minimize columns and maximize daylight and views. TEGNA’s interior architect, Georgetown-based LSM, plans to further enhance TEGNA’s home in Boro Tower by incorporating an ornamental staircase that connects its floors to a private rooftop terrace.
The Boro’s dramatic first phase, anticipated to be complete in early 2019, will deliver nearly 700 residential units, 223,000 square feet of destination retail and TEGNA’s new home in Tysons’ premier trophy office tower. At full build-out, The Boro will consist of more than 1,500 residential units, 1.8 million square feet of office, 316,000 square feet of retail, and 250,000 square feet of hotel space.
“Our strategy is to make The Boro one of the area’s most vibrant communities, a true ‘town center’ for Tysons,” Cheek said. “We’re already seeing the market responding, with increased interest from numerous prospective tenants. We’re very excited about everything that’s happening here.”
ABOUT TEGNA
TEGNA Inc. (NYSE: TGNA) is comprised of a dynamic portfolio of media and digital businesses that provide content that matters and brands that deliver. TEGNA reaches more than 90 million Americans and delivers highly relevant, useful and smart content, when and how people need it, to make the best decisions possible. TEGNA Media includes 46 television stations and is the largest independent station group of major network affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide. TEGNA Digital is comprised of Cars.com, the leading online destination for automotive consumers, CareerBuilder, a global leader in human capital solutions, and other powerful brands such as G/O Digital and Cofactor. For more information, visit www.TEGNA.com.
ABOUT THE MERIDIAN GROUP
The Meridian Group is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, Meridian has acquired and developed more than 12 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, DC market. To learn more, visit Meridian’s website at www.tmgdc.com.
