RETAIL LEASING OPPORTUNITY ROUTE 7 & ROUTE 123 TYSONS CORNER, VIRGINIA IMMEDIATE DELIVERY For more information, please contact: Michael Zacharia Lance L.J. Marine Senior Vice President Associate michael.zacharia@cbre.com lance.marine@cbre.com 703.905.0268 703.905.0331 8270 Greensboro Drive Suite 1000 McLean, VA 22102 703.821.6900 www.cbre.com/1991chainbridgeroad 1991 CHAIN BRIDGE ROAD
Tysons Corner, Virginia Retail Space For Lease LOCATION: Located in the heart of Tysons Corner at the intersection of Route 7 (69,000 VPD) and Route 123 (43,000 VPD) OPPORTUNITY: Up to 33,475 SF freestanding building 180 parking spaces SIGNAGE: Building facade, pylon, as well as Route 7 signage AVAILABILITY: January 2008 HIGHLIGHTS: Fully built-out health club (formerly occupied by Sport & Health) Two-story open floor plan allows for a variety of uses Adjacent to Golfdom and Tysons Corner Center Mall with tremendous accessibility to numerous amenities Conveniently within walking distance to two proposed Metrorail stations Nearby shopping centers and national retailers include:
Tysons Corner Market Highlights Luxury merchandisers and high-end department stores are particularly wellrepresented in the immediate area. Tysons Corner s retail offerings are anchored by two large shopping malls. Tysons Corner Center originally opened in 1968, and after a recent renovation and expansion now includes more than 2.2 million square feet of leasable space anchored by four large scale department stores and a new movie theatre. The Tysons Galleria opened as Tysons II in 1988, and currently houses upscale tenants such as Nieman Marcus and Saks Fifth Avenue, as well as many restaurants in approximately 820,000 square feet of space. Both malls remain near continual 100 percent occupancy, and are very well patronized by office workers and residents from throughout the region. Apart from the two shopping malls, there are a number of strip commercial centers located along Leesburg Pike (Route 7). Though typically this retail format caters to smaller, neighborhood-oriented market areas, the volumes of traffic and sales that Tysons already draws has attracted a number of uncharacteristic tenants to its strip centers. Tysons Corner Top Employers Company # Employees Lockheed Martin Corp. 15,700 Booz Allen Hamilton 11,290 Northrop Grumman Corp. 10,370 SAIC 5,500 Freddie Mac 4,530 Sprint/Nextel 5,300 MITRE Corp. 2,800 Navy Federal Credit Union 2,600 IBM 2,500 BAE Systems 2,100 Sources: GWI Regional Report, BAE Report, US Census Bureau, Moody s Economy, Bureau of Labor Statistics, Fairfax County It is worth noting that many entertainment or home furnishings merchants, and other medium-sized retailers such as Borders Books and Music, Pier 1 Imports, Crate and Barrel, and The Container Store have shoehorned their stores into these small, aging centers. These tenants and their like often anchor lifestyle retail centers such as Clarendon Market Common or Reston Town Center, which seek to attract shoppers to a pedestrian-friendly urban environment. In addition, a substantial amount of land in Tysons is dedicated to a low-density form of retail: the auto mall. Car dealerships along Route 7 are quite successful, and have occupied many prime Tysons parcels for decades. Auto dealerships, while not consistent with a transit- and pedestrian-oriented urban environment, may be difficult to relocate. Largely absent from the Tysons area are big box retailers like Target/Walmart, etc. (a Best Buy on Leesburg Pike is the notable exception), which are excluded by high land costs. The nearest store to Tysons for many of these large format retailers is nine or ten miles away, in locations further along Route 7 or further west of the Beltway, such as Bailey s Crossroads or Fair Lakes.
Street Level Floor Plan 17,690 SF First Level Floor Plan 17,690 SF Modified Merchandising Plan
West Elevation (from Route 123)
Tysons Corner Metrorail Overview
Tysons Corner Metrorail Map
EXCLUSIVE RETAIL MARKETING ADVISORS: MICHAEL ZACHARIA Senior Vice President 703.905.0268 michael.zacharia@cbre.com LANCE L.J. MARINE Associate 703.905.0331 lance.marine@cbre.com CB Richard Ellis Retail Services 8270 Greensboro Drive, Suite 1000 McLean, VA 22102 703.821.6900 phone 703.442.4956 fax