Olmstead and Rhodes Cresa arranges Allied Telecom Group’s 15,000 s/f lease at 1400 Crystal Drive in Arlington, Virginia
ARLINGTON, VA — Allied Telecom Group has signed a 15,000 s/f lease at 1400 Crystal Dr. in Arlington. With the renegotiation, the single-source provider of internet, voice and data transport services, reduces its head- quarters footprint by 10,000 s/f to accommodate market changes precipitated by the pandemic’s effects on office utilization. Cresa’s Jon Olmstead and Rich Rhodes represented the company in the transaction.
“COVID has really impacted the staffing needs of companies large and small – Allied was no different,” said Olmstead. “We worked with them to address their space programming and determine the best course of action. In the end, we were able to right-size their space with no interruption to business and with the benefits of significant cost savings on the future lease. It was a real win-win.”
1400 Crystal Drive is a 308,898 s/f 14-story, class A office building within walking distance of the Crystal City Metro Station and Amazon’s headquarters at National Landing. With floor-to-ceiling windows, tenants and visitors alike enjoy abundant natural light and magnificent views of the Potomac River to the east and the Washington Monuments to the south. Amenities include an on-site fitness center, a spectacular penthouse terrace, a conference center, a lounge, EV charging stations, and secure bike cages.
1400 Crystal Dr.is owned by a joint venture which purchased the property in late 2021. It was awarded LEED Gold Certification in 2013.
Cresa is an advisory firm that exclusively represents occupiers and specializes in the delivery of fully integrated real estate solutions. With more than 1,000 employees, our purpose is to think beyond space, strengthening those we serve and enhancing the quality of life for our clients. Delivered across every industry, Cresa’s services include Transaction Management, Workplace Solutions, Project Management, Consulting, Lease Administration, Technology, Investment Banking & Capital Markets and Portfolio Solutions. In partnership with London- based Knight Frank, Cresa provides service to 16,000 people, across 380 offices in 51 territories.
This article was published orihinally by the Mid Atlantic Real Estate Journal.