{"id":1004085742,"date":"2013-10-24T06:13:27","date_gmt":"2013-10-24T14:13:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004085742"},"modified":"2022-12-08T20:22:48","modified_gmt":"2022-12-09T04:22:48","slug":"cvent-leases-130-ksf-in-tysons-corner-va","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cvent-leases-130-ksf-in-tysons-corner-va\/","title":{"rendered":"Cvent Leases 130 KSF in Tysons Corner, Va."},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor <\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004085744\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cvent-leases-130-ksf-in-tysons-corner-va\/tysons-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg\" data-orig-size=\"747,768\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Tysons\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg?w=747\" class=\"alignleft size-medium wp-image-1004085744\" alt=\"Tysons\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg\" width=\"291\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg 747w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg?resize=292,300 292w\" sizes=\"auto, (max-width: 291px) 100vw, 291px\" \/><\/a>Cvent, a leading maker of event-management software, will take about 130,000 square feet of space at Greensboro Station, a Tysons Corner, Va., office campus, it was announced Wednesday morning by the Fairfax County (Va.) Economic Development Authority.<\/p>\n<p>The company\u2019s relocation to 1710 Solutions Drive from its current HQ, only about half a mile away, is also an expansion that will see 400 employees added, to the existing 450, over about the next three years, a Cvent spokesperson told <i>Commercial Property Executive<\/i>.<\/p>\n<p>The lease also represents a big step forward for the campus\u2019s owner, The Meridian Group, of Bethesda, Md. Meridian closed on the purchase in late July using about $105 million in debt financing and about $75 million in equity, which was also intended to include roughly $20 million to reposition two of the campus\u2019s three towers. &lt;www.commercialsearch.com\/news\/regions\/the-meridian-group-acquires-saic-corporate-headquarters-in-northern-virginia\/&gt; &lt;www.commercialsearch.com\/news\/regions\/mid-atlantic\/eastdil-gets-100m-in-financing-for-meridians-purchase-of-3-class-a-office-towers\/&gt;<\/p>\n<p>The twist is that Meridian bought Greensboro Station knowing that the campus\u2019 occupant and seller, SAIC, would be vacating two of the three buildings.<\/p>\n<p>That situation arose from the split of SAIC Inc. into two independent, publicly traded companies. Science Applications International Corp. will encompass the technical, engineering and enterprise IT services business, while spin-off Leidos will handle \u201cgovernment and commercial solutions.\u201d<\/p>\n<p>The upshot, Meridian managing director Gary Block told <i>CPE<\/i>, is that save for a long-term lease by SAIC for 170, 000 square feet in Tower III, the 640,000-square-foot campus will be vacant once the SAIC\/Leidos split is complete. The new long-term lease with Cvent thus alters that at one stroke, absorbing about 20 percent of Greensboro Station\u2019s total current space.<\/p>\n<p>Not only will substantially more leasing be needed to refill the campus, but when Meridian bought the fee simple interest in the existing Greensboro Station towers, it also took a contract option to acquire the balance of the 18.3-acre site, entitled for 3.2 million square feet of additional, mixed-use development. Block told <i>CPE<\/i> he expects it will take Meridian at least five years to exercise that option.<\/p>\n<p>In all, Meridian plans to develop more than 1.3 million square feet of residential space and more than 1.1 million square feet of further office space, as well as a 400-room hotel and up to 200,000 square feet of retail space.<\/p>\n<p>All of this should be helped by the completion, in the first quarter of 2014 and essentially across the street, of the Greensboro station on the Washington Metro\u2019s new Silver Line. Cvent will be moving in later in 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cvent, a leading maker of event-management software, will take about 130,000 square feet of space at Greensboro Station, a Tysons Corner, Va., office campus.<\/p>\n","protected":false},"author":882,"featured_media":1004085744,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,21747],"tags":[],"class_list":["post-1004085742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cvent Leases 130 KSF in Tysons Corner, Va. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cvent-leases-130-ksf-in-tysons-corner-va\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cvent Leases 130 KSF in Tysons Corner, Va.\" \/>\n<meta property=\"og:description\" content=\"Cvent, a leading maker of event-management software, will take about 130,000 square feet of space at Greensboro Station, a Tysons Corner, Va., office campus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cvent-leases-130-ksf-in-tysons-corner-va\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-24T14:13:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:22:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Tysons1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"747\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvent-leases-130-ksf-in-tysons-corner-va\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvent-leases-130-ksf-in-tysons-corner-va\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Cvent Leases 130 KSF in Tysons Corner, Va.\",\"datePublished\":\"2013-10-24T14:13:27+00:00\",\"dateModified\":\"2022-12-09T04:22:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvent-leases-130-ksf-in-tysons-corner-va\\\/\"},\"wordCount\":427,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvent-leases-130-ksf-in-tysons-corner-va\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/10\\\/Tysons1.jpg\",\"articleSection\":[\"Brokerage\",\"Mid-Atlantic\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvent-leases-130-ksf-in-tysons-corner-va\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cvent-leases-130-ksf-in-tysons-corner-va\\\/\",\"name\":\"Cvent Leases 130 KSF in Tysons Corner, Va. - 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