Monday Properties announced today that the University of Virginia Darden School of Business will open a state-of-the-art learning facility on the 30th and 31st floors of 1100 Wilson Boulevard. The long-term lease, which commences early next year, includes 40,000 square feet of administrative, conferencing and classroom space on the top two floors of Monday’s iconic property.
“Monday Properties is proud to officially welcome the Darden School of Business, one of the world’s premier business schools, to 1100 Wilson Boulevard,” said Tim Helmig, Managing Partner of Monday Properties. “This transaction is emblematic of a trend in Rosslyn which, as a result of its proximity to the DC core and its unparalleled transportation access, continues to attract a highly-educated and talented workforce. The new facility for Darden will be an extremely powerful tool to attract the top business student talent and continue to build on its momentum as one of the premier business schools globally. As prospective business leaders in the future, Darden students will be able to tap into resources that would appear to be unmatched in other regions of the country.”
“We are pleased to continue building Darden’s presence in Northern Virginia and the metro DC area at this premier Rosslyn location,” said Scott C. Beardsley, Dean of the Darden School of Business. “Rosslyn’s proximity to major spheres of influence in D.C., including Capitol Hill and the White House, played a significant role in our decision, with the support of the University of Virginia. At 1100 Wilson, we’ll have the opportunity to tap into our expansive Washington, D.C. alumni base, continue to offer an unmatched learning experience through our Executive MBA, advance business knowledge, and work closely with organizations and individuals through Executive Education.”
With ceiling heights hovering over 20 feet, the Darden School of Business will have the opportunity to use the top two floors not only for classes, including stadium-style seating, but for networking events for the larger Washington, DC area and other business school-related functions.
The lease signing also coincides with the announcement that 1100 Wilson will be delivering in the summer of 2018, one of the most expansive rooftop deck amenity offerings in the DC-metro market. At over 5,000 square feet of indoor and outdoor space, the rooftop deck will provide tenants of the Towers an unprecedented amenity zone for conferencing, tenant events and collaboration space. 1100 Wilson Boulevard is a LEED-EB Gold Certified building under the United States Green Building Council (USGBC) program and Monday Properties has implemented a multitude of programs to maximize the health of the indoor environment as well as ensure that the building is running efficiently to minimize its carbon footprint and environmental impact. The Towers were also the first buildings in Virginia to be WiredScore Platinum certified for their superior internet connectivity and reliability.
The University of Virginia Darden School of Business’ top-ranked faculty is renowned for teaching excellence and advances practical business knowledge through research. Darden was established in 1955 at the University of Virginia. The school holds the highest ranking by Forbes for student satisfaction and by U.S. News and World Report for the best career placement of Top 20 business schools.
On the heels of this announcement, as well as the recent Nestlé U.S. corporate relocation of approximately a quarter million square feet at 1812 North Moore Street in Rosslyn and combined with over a million square feet of overall leasing activity over the past 18 months, Monday Properties expects to see continual momentum within Rosslyn and the overall Northern Virginia real estate sector.
The brokers: Monday Properties was represented by John Wharton and Deniz Yener. The University of Virginia was represented by Bruce McNair, Laura Peterson and Will Travis at Avison Young.
About Monday Properties: Monday Properties is a dynamic real estate investment firm that operates each property within its portfolio. Founded in 1998, the company is an owner, operator and developer of real estate with a primary focus on supplied constrained markets and value add real estate opportunities in growth markets. Since 2002, Monday Properties has completed over $13 billion in over 60 separate transactions, representing 28 million square feet. Monday Properties co-invests its own capital alongside its partners and investors, creating a clear alignment of interest and an incentive to realize value.