Politico is staying in Rosslyn.
The political news publisher signed a long-term lease for office space in the Rosslyn office buildings sometimes referred to as Arlington’s “twin towers,” the buildings’ owner, Monday Properties, announced Monday.
The lease is for 72,000 square feet at 1000 Wilson Boulevard, next door to the building where Politico is currently headquartered. The new space will include a bevy of new amenities aimed at accommodating the fast-paced news organization, according to Tim Helmig, president and chief operating officer for Monday.
“Monday Properties will provide Politico with the capabilities to operate in a 24/7 environment,” Helmig said in a statement. “We will provide a unique parking solution, a private outdoor terrace, back-up generator location, over 55,000 square feet of on-site retail amenities and unparalleled media-specific facilities. Moreover, the company is growing by leaps and bounds and we can accommodate Politico’s expansion needs well into the future.”
Although Politico’s decision to remain in Rosslyn was widely expected, the company and its parent, Capitol News Company, were aggressively courted by other landlords, another sign of the region’s flat office environment. Northern Virginia building owners have been hit particularly hard by real estate cutbacks from government agencies and contractors.
Monday Properties is no stranger to the slowdown, having built the region’s tallest office building down the street from the Wilson Boulevard properties. So far, it has been unable to lease any of the space there.
Politico’s move is expected in the spring of 2015.
Follow Jonathan O’Connell on Twitter: @oconnellpostbiz