– Big Four Accounting Firm to Lease Seven Floors of New Trophy Office Tower Near Greensboro Metro Station at The Boro
BETHESDA, Md. (Oct. 24, 2018) – The Meridian Group and Rockefeller Group announced today that KPMG is moving its Northern Virginia office to Boro Tower, a new trophy office tower under construction at The Boro in Tysons, Va.
KPMG, one of the world’s Big Four accounting firms, completed a lease for one of the largest private-sector leases in the greater Washington, D.C., region this year. The firm, which plans to relocate in 2019, will occupy up to seven floors of the 20-story tower. The latest lease brings preleasing to more than 60 percent ahead of construction completion, with approximately 178,000 square feet remaining available for lease.
“The Boro is being developed for exceptional firms such as KPMG, and we are very pleased and proud to welcome one of the world’s Big Four accounting firms to Boro Tower,” said David Cheek, President of The Meridian Group, which is developing The Boro.
The firm will relocate from its offices at nearby 1676 International Drive. About 1,830 staff members will be moving to Boro Tower.
“Boro Tower offers a new world-class environment and an incredibly convenient location for our team and clients,” said Jerry Carlson, who oversees KPMG professionals in the Washington Metro area, including the firm’s offices in both Tysons Corner as well as Washington, D.C. “We’re looking forward to moving into Boro Tower and continuing to provide outstanding service to our clients for years to come.”
Meridian and Rockefeller Group are co-developing Boro Tower, with Skanska constructing the Gensler-designed building. From its vantage on “The Hill” – the highest ground elevation in Fairfax County – Boro Tower offers panoramic views from the Blue Ridge Mountains to downtown Washington, D.C.
The LEED Gold-designed Tower features a shimmering glass curtain wall, accented by a modern, white-glazed terra cotta. The building also features 9- to 10-foot ceilings and ideally sized, efficient floorplates that minimize columns and maximize daylight and views. The Tower, nearing completion, will be topped by an expansive rooftop terrace.
Working with The Meridian Group and Rockefeller Group to lease the space are Rob Faktorow and Terry Reiley with CBRE. KPMG was represented by Phil Leibow and Bill Craig from JLL.
KPMG is a global network of professional services firms providing audit, tax and advisory services.
KPMG is the third major tenant to select Boro Tower for its new offices.
Global law firm Hogan Lovells will lease 44,500 square feet starting in June 2019. The firm will occupy the tower’s entire 17th floor and the majority of its 16th floor.
TEGNA, comprised of a dynamic portfolio of media and digital businesses, is moving its headquarters to the top two floors of Boro Tower. The company is leasing approximately 46,000 square feet on the 20th and 19th floors.
“We are very pleased with the strong response to Boro Tower,” said Hilary Allard Goldfarb, Senior Vice President and Regional Development Officer for Rockefeller Group’s Mid-Atlantic Region. “Forward-thinking companies today are embracing new construction for all the workplace advantages it can deliver. When you factor in the transit-oriented location and amenity-rich surroundings of the full project, Boro Tower is an excellent option.”
Built on a 15-acre site, The Boro will be the premier Metro-oriented, mixed-use destination in Tysons. Located within walking distance of the Greensboro Metro station and near Route 7, Route 123 and Greensboro Drive, the development will consist of a vibrant mix of office, residential, retail, and entertainment and open park space.
The Boro is designed to bring people outside — with pedestrian-friendly roadways, attractive open spaces and restaurants offering outdoor seating.
The Meridian Group recently announced that a variety of popular new restaurants and services are coming to The Boro. The six new restaurants will offer a wide range of fare and dining experiences to appeal to every taste, while the new services will include a convenient dry-cleaning service and a patient-focused vision service.
“The Boro will combine the tranquility of a neighborhood with the vitality of a downtown, offering top-tier dining, shopping and entertainment options for everyone,” said Tom Boylan, Vice President of The Meridian Group.
The Boro has already attracted such best-in-class companies as Whole Foods, which is planning a 69,000-square-foot flagship location; and Kerasotes Showplace Theatres, which will open a luxurious new cinema with 15 state-of-the-art screens and upscale dining options.
“The Boro is becoming a truly dynamic urban district that offers tenants, residents and visitors an unrivaled experience in Northern Virgina,” Boylan said. “We are extremely proud that KPMG will call The Boro home for years to come.”
About KPMG LLP
KPMG is one of the world’s leading professional services firms, providing innovative business solutions and audit, tax, and advisory services to many of the world’s largest and most prestigious organizations.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy.
KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. Learn more at www.kpmg.com/us.
About The Meridian Group
The Meridian Group is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, Meridian has acquired and developed more than 14 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, DC market. To learn more, visit Meridian’s website at www.tmgdc.com.
About Rockefeller Group
Rockefeller Group is a leading real estate developer, owner and operator, known since the development of Rockefeller Center for pioneering large-scale urban mixed-use development. For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets. Visit RockefellerGroup.com.
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