The Arlington County Department of Human Services will be moving from its current location at 3033 Wilson Blvd. to 2100 Washington Blvd., entering into a new 13-year lease at the building known as Sequoia Plaza One. The county's current lease expires in August 2010, at which point DHS will move into its new 144,740 square foot space -- a relocation that will save the county $22 million.
Mark Roberts with Studley represented Arlington County in the transaction and determined that relocating to the new office building would save the county $22.1 million in total occupancy costs over a projected 10-year period. "Studley started representing us after we had been through two rounds of direct negotiations with the current landlord to renew our existing lease," said Greg Emanuel, Arlington's capital projects director in a CoStar article. Under the lease terms, signed with the landlord, Foulger-Pratt Development Inc., Arlington will be able to grow up to 370,000 square feet at the three-building office park.
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