“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