Gilbane Building has reached an agreement with Atlanta-based real estate investor and manager Jamestown for a 27,000-square-foot office at Ballston Exchange — a mixed-use project in Arlington, Va.’s Ballston area offering retail, dining and office spaces.
Gilbane Building, which already has an office at 1100 N. Glebe Road (owned by Monday Properties and situated less than a mile northwest of Ballston Exchange) will consolidate its operations into the new location. The exact size of its current office is unspecified, but the move is slated for 2026.
Located at 4201 and 4121 Wilson Blvd., Ballston Exchange boasts a prime location with direct Metro access and provides tenants with numerous amenities, such as indoor and outdoor public spaces; concierge services; and an event venue. Additionally, Jamestown has equipped the development with high-end shared tenant amenities, including a comprehensive, 10,000-square-foot conference center designed to meet the demands of contemporary businesses.
“Gilbane is thrilled to elevate our presence in the DMV with this strategic move to a more connected, amenity-rich location,” said Tyler Swartzwelder, DC business leader at Gilbane Building. “This move will increase our overall footprint while consolidating our operations onto a single floor, creating a more collaborative experience for employees and visitors.”
Ballston Exchange at 4201 Wilson Boulevard, Arlington, VA (image courtesy of CommercialEdge)
The current owner first acquired Ballston Exchange in 2015 from Dweck Properties in a transaction worth $220 million. Since then, the building has been thoroughly renovated and converted into a mixed-use property that currently houses retail tenants — such as Orange Theory Fitness, CorePower Yoga, El Rey, Grazie Grazie, SWTHZ, Tend, Chopt and CAVA — as well as office tenants, including Agricultural Retailers Association, Booz Allen Hamilton, The Insurance Institute for Highway Safety (IIHS) and Amentum.
“Ballston Exchange continues to attract industry leaders, like Gilbane Building, which recognize the advantage provided by the property’s transit-accessible location and comprehensive amenities,” said Rameez Munawar, senior vice president, mid-Atlantic regional market leader at Jamestown. “The common spaces offer tenants added flexibility to support evolving workplace needs, while the ground-floor retail provides employees convenient access to a wide range of food and beverage options, as well as health and wellness services.”
