Macerich’s Tysons Tower Signs Intelsat to 188 KSF Lease

Macerich, owner and master-developer of McLean, Va.-based Tysons Corner Center, has signed satellite service provider Intelsat to a 15-year, 188,000-square-foot lease to serve as the future office tower’s anchor tenant.

“Intelsat brings high paying jobs in technology and is a growth opportunity in the tech industry for the county, not to mention the positive economic impact to retail and housing market that can be expected by adding jobs within the community,” Tim Steffan, Macerich’s senior vice president, told Commercial Property Executive. “Intelsat is the lead tenant, and we anticipate leasing velocity to increase for Tysons Tower, an integral part of the overall redevelopment of Tysons Corner Center.”

Macerich is developing what will be the tallest building in Tyson’s Corner with the Alaska Permanent Fund Corp.

Intelsat will relocate its U.S. headquarters from Washington, D.C. to the new 524,432-square-foot Tysons Tower at 7900 Tysons Center Place, which is part of a massive, 1.4 million-square-foot mixed-use expansion at Tysons Corner Center, sometime in early-2014.

“The expansion will offer a 55,000-square-foot elevated pedestrian plaza, activated 52 weeks per year; a 17-floor, 300-key Hyatt Regency; new marquis entry for Tysons Corner Center flanked by iconic retail; 3-4 new restaurant concepts and walkability to the metro,” Steffan said. “Plus, there will be special amenities and services inside Tysons Tower catering to the office employees.”

The Plaza will connect all buildings and feed into a new second level mall entrance serving as the heart of Tysons Corner Center. The office tower will also be directly connected via covered walkway to the future Tysons Corner Metro station.

“The completion of out redevelopment should mean 5,000+ new visitors per day,” Steffan said. “It will also bring in additional densities from surrounding developments, including a majority of residential and commercial office, further driving retail sales.”

When construction is complete, Intelsat will occupy the 14th through 20th floors of Tysons Tower and have the option of growing from 37 percent of the building to 50 percent.

“In selecting a new location for our U.S. headquarters, we sought an environment that reflects the innovative and dynamic nature of our industry,” David McGlade, Intelsat’s CEO, said. “Given our highly skilled workforce and global presence, our requirements warranted a modern and collaborative workspace with access to well-educated professionals, a first-class transportation system and compelling amenities. Tysons Tower fit that requirement perfectly.”

The building is designed to achieve LEED Gold certification, offering a green roof, floor-to-ceiling windows and solar shades on the southern exposure to capitalize on natural sunlight for energy management.

Additionally, Tysons Tower will include four levels of parking, a restaurant, a dynamic two-story lobby and a fully equipped fitness center. The floors will include finished 9 ½-foot ceilings and open, column-free spaces to provide flexibility for designing each office to meet individual needs, including the option to create multiple-level spaces with connecting stairs.

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