The Silver Line:: Transforming Commercial Real Estate

SILVER LINE METRORAIL
1
S P E C I A L R E P O R T
TRANSFORMING
COMMERCIAL
REAL ESTATE
THE SILVER LINE:
2
THE SILVER LINE
IS COMING
EXECUTIVE SUMMARY
Spurred by employment growth and Metro access,
CBRE estimates an average of 200,000 sq. ft. of
net offce demand annually through 2017 in Tysons
Corner.
High-quality offce space development will increase
rental rates for the Tysons Corner submarket and
reduce value-priced options.
Almost 75% of all Tysons development will be within
a 10-minute walk of a Metrorail station, transforming
it into a walkable and livable urban center.
Developers will need to focus on building multifamily
projects and cultivating community programming that
will appeal to young, urban professionals.
After many years of planning and nearly fve years of
construction, Metrorail service is fnally arriving this
summer in Tysons Corner and Reston, Virginia. The
Silver Line will transform the landscape of Northern
Virginia, driving population and employment growth
around the new Metrorail stations. By 2050, the
population of Tysons Corner is expected to grow six-fold,
while employment will almost double.
The delivery of the $2.95 billion, 11.4-mile Phase I
of the Silver Line is the largest expansion of Metrorail
service since the inception of the system in 1976. When
Phase II is complete (estimated in 2018), 23 miles of
the Metrorail system will extend through Fairfax County
into Loudoun County, Virginia. By linking communities
in Northern Virginia and downtown Washington, D.C.,
the Silver Line will enable employment and population
growth, serving as a catalyst for commercial real estate
leasing and additional development.
3
Metrorail ridership is anticipated to increase with the
opening of the Silver Line stations. The Silver Line will
serve both commuters traveling out from Washington,
D.C. and in from the western suburbs of Fairfax and
Loudoun Counties. The Washington Metropolitan Area
Transit Authority (WMATA) projects the Silver Line will
attract approximately 740,000 riders per month in the
frst year of operation. Ridership projections identify the
Wiehle-Reston East Station as the most heavily traffcked
station. It is the only station along Phase I of the Silver
Line with a parking garage containing 2,300 parking
spaces. Although the McLean Station has a 10-year
agreement for a lot with 711 spaces, its developer may
utilize an early termination option for redevelopment.
Furthermore, the Tysons Corner Station, adjacent to the
Tysons Corner Center mall, is also expected to have high
ridership due to the concentration of nearby retail and
dining options.
FIG. 1
PHASE I: FIRST YEAR
RIDERSHIP PROJECTIONS
METRO RIDERSHIP
PHASE I
Source: WMATA, September 2013.
20,000
15,000
10,000
5,000
0
16,400
10,400
8,000
7,600
6,600
Wiehle-Reston
East
Tysons
Corner
Spring Hill McLean Greensboro
4
Sources: Nielsen, CBRE Location
Analytics and Mapping Center,
Q3 2013.
TYSONS EMPLOYMENT GROWTH
27%
10%
7%
13%
4%
6%
6%
5%
6%
4%
12%
Prof/Sci/Tech/Admin
Public Administration
Educational Svcs
Fin/Insur/RE/Rent/Lse
Oth Svcs
Health Care/Soc Asst
Accommdtn/Food Svcs
Information
Retail Trade
Construction
Other
FIG. 2
TYSONS CORNER
EMPLOYMENT
Metrorail access in Tysons Corner will spur job growth,
which is needed to drive demand for offce space.
Tysons Corner is expected to add an estimated 30,000
jobs by 2020, and almost double its employment to
200,000 workers by 2050
1
.
After fve years of negative net absorption for offce
space between 2007 and 2011, Tysons experienced
positive absorption in 2012 and 2013. Some of this
demand can be attributed to employment growth in
Northern Virginias Financial Services and Information
Technology sectors. The additional growth forecast for
these sectors will contribute to offce space demand.
CBRE forecasts that net offce demand for the Tysons
Corner submarket will average 200,000 square feet (sq.
ft.) annually through 2017.
Metrorail access may also attract new employers
along the Silver Line. The Professional and Business
Services sectorwhich includes lawyers, government
contractors and information technology professionalsis
the dominant source of employment in Tysons Corner
today. However, the Rosslyn-Ballston (R-B) Corridor
has attracted a higher percentage of public sector
employees, partially due to its better access to public
transportation following the construction of the Orange
Line.
The introduction of the Silver Line in Tysons Corner
creates opportunities for building owners to attract
employers, such as the Federal Government, which
require public transportation access for their workers.
Furthermore, new development around Metrorail stations
may attract growing information technology frms that
employ a younger workforce. This younger demographic
may choose to live in the District and commute out to
Tysons Corner by rail, or live in some of the proposed
multifamily developments surrounding the new Metrorail
stops.
EMPLOYMENT GROWTH
SPURS OFFICE DEMAND
1
GMU Center for Regional Analysis Q1 2014; 2013 Report to the Fairfax
County Board of Supervisors Q3, 2014.
5
Tysons Corner has been a place to work more than a
place to live. Home to almost 15,000 residents, Tysons
Corner welcomed an estimated 105,000 employees
each day in 2010
2
. All of this is expected to change
with the addition of Metrorail and the redevelopment of
Tysons Corner over time. Tysons Corner will experience
a transformation as the mix of residential, offce and
retail properties are slated to change in the coming
years. With new residential development, the population
in Tysons Corner is expected to reach 100,000 people
by 2050: over 6.5 times the population today.
The addition of the Silver Line along with multifamily
and retail projects in Tysons Corner will be key in
attracting a younger demographic. Currently, young
professionals25-34 years oldmake up a larger
share of the population in the R-B Corridor (43%) than
in Tysons Corner (24%). Developers will need to build
multifamily projects, provide restaurants and cultivate
community programming that appeal to young, urban
working professionals. Tysons development should
emulate mixed-use areas such as Reston Town Center
and the R-B Corridor, which have been successful in
their mix of live, work and play to attract a young
professional demographic.

POPULATION GROWTH
AND DEMOGRAPHIC CHANGES
2
Neilson and the CBRE Location Analytics and Mapping Center, Q1 2014;
2013 Report to the Fairfax County Board of Supervisors, Q3 2013.
FIG. 3
ROSSLYN-BALLSTON &
TYSONS CORNER
DEMOGRAPHICS
60,000
50,000
40,000
30,000
20,000
10,000
0
R-B Population R-B Households Tysons Population Tysons Households
2010
2013
2018
13.9%
GROWTH
2013-2018
13.5%
GROWTH
2013-2018
8.2%
GROWTH
2013-2018
8.4%
GROWTH
2013-2018
Percentage of population in Tysons
(3,527)
Percentage of population in R-B
(13,558)
R-B
Tysons
1-PERSON HOUSEHOLDS
$99,401
43.9%
50.6%
$94,893
2013 ESTIMATED MEDIAN
HOUSEHOLD INCOME
Q1 2014.
6
TYSONS TRANSPORATION 2
8%
75%
2%
7%
3%
5%
- Carpooled
- Drove Alone
- Other
- Public Transport
- Walked
- Worked at Home
FIG. 4
TYSONS CORNER
TRANSPORTATION
USAGE TO AND
FROM WORK
Q3 2013.
One of the key issues facing Tysons Corner is traffc and
congestion. Over a period of time, the Silver Line is
expected to have an impact on transportation usage in
Tysons comparable to the Orange Lines impact on the
R-B Corridor. While almost 40% of the R-B Corridors
population currently uses public transportation to get to
work, a mere 7% of the population does so in Tysons
Corner. Additionally, an astonishing 75% of Tysons
population drives alone to work.
Assuming that Tysons population will grow by an
estimated 85,000 people in the next 35 years, there
could be an additional 64,000 people commuting to
work by car. In order to encourage public transportation
usage, improved connections with buses and shuttles
to and from Metrorail stations are needed. To
accommodate better access to the stations, Fairfax
County has approved a plan to establish bus routes to
connect and serve Vienna, Merrifeld, Herndon, McLean,
Tysons Corner and Reston. Additionally, infrastructure for
bicycles and car-share programs around the stations will
create the type of connectivity needed to decrease auto
dependence.
METRORAIL CHANGES
TRANSPORTATION USAGE EVOLVES
7
Metrorail stations will spur signifcant commercial real
estate development. An additional 66 million sq. ft.
are estimated for Tysons Corner as part of its long-
term redevelopment plan. Commercial real estate
development is expected to concentrate around the new
Metrorail stations, on par with the bulls-eye concept
of transit-oriented development (TOD), in which dense
mixed-use development is established primarily within a
quarter-mile radius of each Metro station. Tysons Corner
is planned to emulate this bulls eye concept around the
four Metro stations.
According to the 2013 Report to the Fairfax County
Board of Supervisors, the long-term goal for Tysons
Corner is to be transformed into a walkable,
sustainable, urban center. Starting in 2010, the
Board adopted a Comprehensive Plan Amendment
for Tysons Corner Urban Center, which envisions the
redevelopment of Tysons with a particular emphasis
on mixed-use. The Plan also encourages the most
effcient land use patterns that would promote TOD and
transportation effciencynamely, increased transit use
and decreased automobile dependency.
The TOD districts are planned for transit station mixed-
use development, with an allocation of 65% offce
space, at least 20% residential, and 15% in retail,
hotel or civic uses. Beyond the TOD districts, most
areas are planned for residential mixed-use. In these
areas, 75% of space will be earmarked for residential
development, while the remainder will go towards
offce, hotel, retail and civic uses. In accordance to the
Plans recommendation to create a high-quality urban
environment, the Plan prescribes roughly 75% of all
Tysons development to be within a 10-minute walk of
a Metrorail station. Moreover, Tysons Comprehensive
Plan describes incentives being implemented to
allot 20% of new residential units to affordable and
workforce housing so that diverse income levels can not
only work, but also live in Tysons Corner.
TYSONS CORNER
A FOCUS ON TRANSIT-ORIENTED DEVELOPMENT
8
$50.00
$40.00
$30.00
$20.00
$10.00
$0
McLean Tysons Corner Greensboro Spring Hill Wiehle-Reston East
$25.67
$45.00
$23.28
$49.26
$27.74
$30.65
$29.46
$20.41
$32.21
$20.39
Q4 2012
Q4 2013
-9.3%
ANNUAL CHANGE
2012-2013
9.5%
ANNUAL CHANGE
2012-2013
10.5%
ANNUAL CHANGE
2012-2013
9.3%
ANNUAL CHANGE
2012-2013
-0.1%
ANNUAL CHANGE
2012-2013
With Metrorail service in sight, tenants are showing
interest in Metro-accessible, mixed-use locations. For
example, Macerichs new 526,000-sq.-ft. Trophy
building, Tysons Tower, is contiguous to the Tysons Corner
Station and includes a 30-story Trophy residential tower
and a 17-story Hyatt Regency nearby. Intelsat signed a
185,000-sq.-ft. lease to relocate its D.C. headquarters
to Tysons Tower, while Deloitte also signed a lease for
85,000-sq.-ft.
As tenants are drawn to locations within easy walking
distance of Metro stations, rental rates are expected to
increase. With the anticipated arrival of the Metro and
access to many restaurants and retail stores, rental rates
have already risen 9% to 11%, on average, in 2013 for
buildings near the Greensboro, Spring Hill and Tysons
Corner Stations. Moreover, new development such as
Tysons Tower demanded some of the highest rents in the
Tysons Corner submarket, driving rates near the Tysons
Corner Station. Future development and redevelopment
like this may eliminate some Class B/C value options,
thereby further driving rental rates up.
METRORAIL IMPACTS OFFICE LEASING
FIG. 5
ASKING RENTAL RATES
OFFICE BUILDINGS
WITHIN 0.25 MILES OF
METRO STATIONS
Tysons Corner
Reston
$30.83
$30.93
Q4 2013 SUBMARKET AVERAGE
Sources: CoStar,
CBRE Research, Q4 2013.
9
The next chapter of the Silver Line is scheduled to start
soon. The 11-mile stretch of Phase II will include six
additional Metrorail stations throughout Fairfax and
Loudoun Counties, including stops at Reston Town
Center and Dulles International Airport. In May 2013,
a contract was awarded to Capital Rail Constructors to
begin construction of Phase IIscheduled to begin in
Spring 2014while its highly-anticipated completion is
estimated for July 2018.
The Silver Line will continue to spread its infuence
by fueling population and employment growth along
Phase II. Moreover, the addition of high-paying jobs
in fnancial services, education, healthcare and
professional services in employment centers along the
Silver Line will continue to drive economic growth in
Northern Virginia.
Five new Metrorail stations in Phase I of the Silver Line
will connect public transportation to offce, apartment
and retail properties. The following pages outline what
each station offers today, although there is much more
to come as new development projects will continue to
transform the areas around the Metrorail stations.
THE NEXT CHAPTER
APPENDIX
PHASE II
SILVER LINE METRO STATIONS
INTERSECTION OF DOLLEY MADISON BOULEVARD
& SCOTTS CROSSING ROAD/COLSHIRE DRIVE
METRO STATION
balanced jobs-to-housing
ratio. To achieve this
goal, Tysons Corner is
seeing a proliferation of
mixed-use and multifamily
development. The 440-
unit construction of Phase
I of the Scotts Run South
development is expected
to break ground in June
2014, while the 9.4-acre
rezoning application
for Scotts Run Station
North has been deferred
indefnitely. Meanwhile,
Capital One will begin
constructing 800 units in
February 2014 exclusively
for employee use.
to terminate prematurely
should the developer,
CityLine, decide to
redevelop the site sooner.
Within a quarter-mile
radius of the Metrorail
station are eight offce
buildings. Of the 142,000
sq. ft. of available space
in Q4 2013, most spaces
were less than 10,000
sq. ft. As of Q4 2013,
the average asking rate
was $23.28 per sq. ft.,
a decrease of $2.39
compared to one year
ago.
The future development
of Tysons Corner places
a heavy emphasis on
evolving into an urban
center with a more
The McLean Metro Station
is the frst station heading
westbound along the
newly constructed Silver
Line. It will offer two
entrancesone on each
side of Route 123as well
as a pedestrian bridge
crossing Dolley Madison
Boulevard. In addition
to offering a bus drop-
off/pick up and kiss &
ride (passenger drop-
off), McLean is one of
two stations along Phase
I of the Silver Line that
will offer parking. The
Fairfax County Board of
Supervisors has approved
plans for an interim, paid
parking lot. A 10-year
deal was signed for the lot,
although there is an option
MCLEAN
METRO STATION
10
SILVERLINE METRO RAIL SILVER LINE METRORAIL
11
TYSONS CORNER
MCLEAN
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STATION AMENITIES
LARGEST OFFICE TENANTS:
A
(B)
C
(D)
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(F)
MINUTE RIDE TIME
TO METRO
CENTER
27
COMMUTER
PARKING
SPACES
BIKE
RACKS
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$4.50
ESTIMATED
FARE TO METRO
CENTER
BIKE
LOCKERS
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TYSONS CORNER
MCLEAN
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CAPITAL ONE
(COMMERCIAL BANKING)
NORTHRUP GRUMMAN
(GLOBAL AEROSPACE AND DEFENSE TECHNOLOGY)
DYNCORP
(PRIVATE MILITARY CONTRACTOR)
MINUTE RIDE TIME
TO METRO
CENTER
27
COMMUTER
PARKING
SPACES
BIKE
RACKS
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$4.50
ESTIMATED
FARE TO METRO
CENTER
BIKE
LOCKERS
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STATION AMENITIES
FIG. 6.2 MULTIFAMILY DEVELOPMENT WITHIN 0.25 MILES
FIG. 6.1 OFFICE BUILDINGS WITHIN 0.25 MILES
BUILDING NAME BUILDING ADDRESS UNITS STATUS COMMENTS
1 The Gates Of McLean
7673 Old
Springhouse Rd.
624 Existing --
2
Scotts Run Station South
Phase I
1575 Anderson Rd. 440 Planned
Construction
to begin June
2014
3
Capital One
Redevelopment Phase
II - Apartments
7670 Old
Springhouse Rd.
800 Planned
Construction
to begin
February
2014
BUILDING ADDRESS BUILDING NAME CLASS RBA (SQ. FT.)
1 1680 Capital One Dr. Capital One A 560,000
2 7575 Colshire Dr. Pierce Building A 285,000
3 7600 Colshire Dr. Johnson Building 1 B 100,010
4 1651 Old Meadow Rd. Grant Building B 79,252
5 1690 Old Meadow Rd. -- C 9,450
6 1700 Old Meadow Rd. Lincoln Building B 88,000
7 1749 Old Meadow Rd. -- B 80,395
8 1750 Old Meadow Rd. Spacenet Building B 137,000
12
The Tysons Corner Metro
Station will offer two
station entrances on
both sides of Route 123,
as well as a pedestrian
bridge to cross Chain
Bridge Road. The stations
location near the Tysons
Corner Center enables it
to offer the most amenities
along the Silver Line.
Within walking distance
are various retailers,
including Nordstrom,
Bloomingdales, Macys,
LL Bean, Lord & Taylor,
Apple and Brookstone.
Notable restaurants
include California Pizza
Kitchen, Panera Bread,
Coastal Flats, La Sandia,
Gordon Biersch Brewery,
La Madeleine, TGI Fridays
and The Burger Joint.
Tysons Corner Metro
Center also offers two
food courts and an AMC
movie theater within
walking distance. The
station provides a kiss &
ride for passenger drop-
off.
Within a quarter-mile
radius from the Metrorail
station, there are three
offce buildings, which
had an average asking
rate of $45.00 in Q4
2013. Tysons Tower,
which is expected to
deliver in Q2 2014, will
house Deloitte, which
relocated from 147,000
sq. ft. at 1750 Tysons
Blvd, and Intelsat, which
will move from its Uptown
D.C. headquarters. There
is only one multifamily
property within a quarter-
mile radius of the Metro
station; Macerich will
deliver 429 luxury units
at Vita Apartments in
November 2014.
TYSONS CORNER
METRO STATION
INTERSECTION OF CHAIN BRIDGE ROAD & TYSONS BOULEVARD
Sources: http://www.fairfaxcounty.
gov/fcdot/silverline/
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STATION AMENITIES
DELOITTE
(PROFESSIONAL SERVICES FIRM)
PWC
(ACCOUNTING)
INTELSAT
(COMMUNICATIONS SATELLITE SERVICES PROVIDER)
MINUTE RIDE TIME
TO METRO
CENTER
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PARKING
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RACKS
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BIKE
LOCKERS
1 Vita Apartments 7902 Tysons One Pl. 429
Under
Construction
Construction
complete
November
2014
1
1750 Tysons Blvd.
The Corporate Offce Center
@ Tysons II
A 385,409
2
1800 Tysons Blvd.
The Corporate Offce Centre
@ Tysons II
A 319,800
3 7900 Tysons One Pl. Tysons Tower T 526,000
1
2
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1
14
As the third station
along the Silver Line, the
Greensboro Metro Station
will provide two entrances
on both sides of Route 7
and a pedestrian bridge
crossing Leesburg Pike.
This station offers a large
number of amenities;
within walking distance
is a Best Western hotel
as well as Tysons Square,
offering a broad range
of retail stores and
restaurants. There are
several restaurants,
including Clydes, China
Wok, Sakura, Panera
Bread, Pilin Thai and Super
Chicken. Retailers within
walking distance include
the Mens Warehouse,
Sports Authority, Best Buy,
Marshalls, TJ Maxx and
DSW.
The Greensboro Station
contains a mix of offce,
retail, hotel and residential
uses nearby. Within a
quarter-mile radius of the
Metrorail station, 12 offce
buildings had an average
asking rate of $30.65 in
Q4 2013an increase of
$2.91 compared to one
year ago. Unlike many of
the other Silver Line Metro
stations, there are no multi-
family properties within
a quarter-mile radius of
Greensboro Station.
GREENSBORO
METRO STATION
INTERSECTION OF LEESBURG PIKE & CHAIN BRIDGE ROAD
FIG. 8 OFFICE BUILDINGS WITHIN 0.25 MILES
1 8280 Greensboro Dr. -- A 209,000
2 8281 Greensboro Dr. Tysons Metro Center III A 257,885
3 8283 Greensboro Dr. John Marshall II A 222,989
4 8285 Greensboro Dr. John Marshall III A 208,221
5 8300 Greensboro Dr. Tysons Corner Offce Center A 272,968
6 8301 Greensboro Dr. Enterprise Center Ph 1 B 295,867
7 1707 Saic Dr. Greensboro Station 3 B 184,000
8 1709 Solutions Dr. Greensboro Station 2 A 136,779
9 1710 Solutions Dr. Greensboro Station 1 A 297,925
10 8400 Westpark Dr. N.A.D.A. Building B 176,300
11 8444 Westpark Dr.
Westpark Corporate Center
Building II
A 216,926
12 8484 Westpark Dr.
Westpark Corporate Center
Building I
A 269,152
15
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SAIC
(DEFENSE CONTRACTOR)
BOOZ ALLEN
(TECHNOLOGY CONSULTING)
CVENT
(EVENT PLANNING)
STATION AMENITIES
MINUTE RIDE TIME
TO METRO
CENTER
31
BIKE
RACKS
20 20
$4.90
ESTIMATED
FARE TO METRO
CENTER
BIKE
LOCKERS
1
2
3
4
5
6
7
9
8
10
11
12
16
The Spring Hill Metro
Station is the last Silver
Line station stop in Tysons
Corner, and will provide
two station entrances
on both sides of Route 7
and a pedestrian bridge
crossing Spring Hill Road.
The station offers a bus
drop-off/pick-up as well
as a kiss & ride. Within
walking distance are
Comfort Inn and Embassy
Suites hotels, while
nearby restaurants include
Ruths Chris, Noodles &
Company, Moby Dick,
Potbelly and Smash
Burger. Other retailers in
proximity to the station
include Ethan Allen, Wal-
Mart and 24-Hour Fitness.
Plans for the Spring
Hill Station envision the
surrounding area to be
an arts and entertainment
district, where transit-
oriented development
will feature dining and
leisure options available
beyond the conventional
workday. There are 11
offce buildings within a
quarter-mile of the Spring
Hill Metro Station with an
average asking rate of
$32.21 (as of Q4 2013),
which increased by $2.75
over the past year. Of the
310,000 sq. ft. available
within these buildings, the
majority of spaces are less
than 10,000 sq. ft.
SPRING HILL
METRO STATION
INTERSECTION OF SPRING HILL ROAD & LEESBURG PIKE
17
BMC SOFTWARE
(BUSINESS SERVICE MANAGEMENT SOFTWARE)
MITRE CORPORATION
(NON-PROFIT)
LESSARD
(ARCHITECTUAL SERVICE)
WESTWOOD COUNTRY CLUB
267
677
267
7
S
P
R
I
N
G

H
I
L
L

R
D
S
P
R
IN
G
H
IL
L
R
D
TYCO RD
L
E
E
S
B
U
R
G

P
I
K
E
L
E
E
S
B
U
R
G

P
I
K
E
W
ES
TW
O
O
D
C
EN
TER
D
R
ASHGROVE LN
S
H
E
R
A
T
O
N

T
Y
S
O
N
S

D
R
O
LD
CO
U
R
TH
O
U
SE R
D
N
E
I
R
V
I
N

S
T
R
E
E
T
M
O
N
T
M
O
R
E
N
C
Y

D
R
G
R
E
E
N
S
B
O
R
O

D
R
W
E
S
T
P
A
R
K
D
R
S
A
I
C

D
R
COMMUTER
PARKING
SPACES
0
STATION AMENITIES
MINUTE RIDE TIME
TO METRO
CENTER
33
BIKE
RACKS
22 20
$5.05
ESTIMATED
FARE TO METRO
CENTER
BIKE
LOCKERS
1 The Ascent at Spring Hill 1551 Spring Hill Rd. 404
Construction
complete April
2014
2 Tysons West 1500 Cornerside Blvd. 350 Planned
Construction to
begin March
2014
1 1500 Cornerside Blvd. Tyson's West Medical A 30,000
2 8401 Greensboro Dr.
Greensboro Corporate
Center 1
A 234,997
3 8405 Greensboro Dr.
Greensboro Corporate
Center 2
A 209,151
4 8500 Leesburg Pk.
--
A 135,989
5 8521 Leesburg Pk.
--
B 150,919
6 1568 Spring Hill Rd.
--
B 30,171
7 1577 Spring Hill Rd. Spring Hill Metro Place A 117,586
8 1593/1595 Spring Hill Rd. Concourse East and West A 350,000
9 8601 Westwood Center Dr. Westwood 1 B 29,118
1
11
10
9
6
3
2
4
5
7
8
1
2
Under
Const.
18
The last station along
Phase I of the Silver Line
is Wiehle-Reston East. This
station has two entrances
on both sides of the Dulles
Airport Access Highway/
Dulles Toll Road and
a pedestrian bridge.
Wiehle-Reston East will be
the most convenient station
for commuters due to the
bus drop-off/pick-up, kiss
& ride, and the seven-
level parking garage just
south of the station. The
garagethe only one
along the Silver Linehas
1.3 million sq. ft. slated for
mixed-use, transit-oriented
development. The project
will include offce and
retail space, a full service
hotel, and residences. The
only restaurant currently
located near the station
is a Pizza Hut, though
two fast-food shops
McDonalds and Taco
Bellare nearby.
Of all Phase I Metrorail
stations, Wiehle-Reston
East has the largest
concentration of offce
buildings within a 0.25
mile radius. Within the
25 buildings, there are
currently 146,000 sq.
ft. of space available,
and all blocks of space
are under 10,000 sq. ft.
Also within a quarter-mile,
the BLVD Apartments at
Reston Station is planned
to offer 450 upscale
apartment units and is the
only multifamily property
near the Wiehle-Reston
East Station. However, the
construction timeline for
the apartments has not yet
been announced. Wiehle-
Reston East is serviced
by 24 bus routes, with
destinations including the
Reston Town Center, Dulles
Airport, Town of Herndon,
and the Pentagon.
WIEHLE-RESTON EAST
METRO STATION
INTERSECTION OF WIEHLE AVENUE & DULLES TOLL ROAD
1 1925 Isaac Newton Sq. E -- A 79,176
2 1930 Isaac Newton Sq. Reston Association Building B 34,676
3 1943 Isaac Newton Sq. W -- A 75,156
4 1980 Isaac Newton Sq. W -- B 4,351
5 1984 Isaac Newton Sq. W Fairway Executive Center B 60,800
6 1985 Isaac Newton Sq. W -- B 24,000
7 11410 Isaac Newton Sq. N North 2 B 62,610
8 11415 Isaac Newton Sq. S -- C 37,274
9 11425 Isaac Newton Sq. Hem Building B 36,960
10 1800 Michael Faraday Dr. -- B 40,000
14 11250 Roger Bacon Dr. Atrium I B 64,000
15 11251 Roger Bacon Dr. Roger Bacon Offce Center B 62,000
16 11260 Roger Bacon Dr. SCS Engineers B 67,080
17 11301 Sunset Hills Rd. -- B 22,200
18 11303 Sunset Hills Rd. -- B 4,209
19 11307 Sunset Hills Rd. -- B 22,200
20 11309-11367 Sunset Hills Rd. Sunset Hills Professional Center B 50,000
21 11345-11351 Sunset Hills Rd. Sunset Hills Professional Center B 50,000
22 11367 Sunset Hills Rd. -- C 1,188
23 1775 Wiehle Ave. -- A 134,064
24 1831 Wiehle Ave. -- B 75,191
25 1861 Wiehle Ave. Linpro Park II B 73,685
19
267
ISA
A
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TO
N
SQ
S
W
A
SH
IN
G
TO
N
&
O
LD
D
O
M
IN
IO
N
TR
L SU
N
SET H
ILLS D
R
ISA
A
C N
EW
TO
N
SQ
N
I
S
A
A
C

N
E
W
T
O
N

S
Q

E
C
H
E
S
T
N
U
T

G
R
O
V
E

S
Q
D
R
E
S
S
A
G
E

D
R
H
U
N
T
I
N
G

C
R
E
S
T

W
A
Y
W
I
E
H
L
E

A
V
E
M
I
C
H
A
E
L

F
A
R
A
D
A
Y

D
R
B
U
S
I
N
E
S
S

C
E
N
T
E
R

D
R
I
V
E
I
S
A
A
C

N
E
W
T
O
N

S
Q

W
HIDDEN CREEK COUNTRY CLUB
STATION AMENITIES
ODIN, FELDMAN & PITTLEMAN, PC
(LAW FIRM)
NORTHERN VIRGINIA
COMMUNITY COLLEGE
(EDUCATION)
VIRGINIA SPINE INSTITUTE
(HEALTH CARE)
MINUTE RIDE TIME
TO METRO
CENTER
41
COMMUTER
PARKING
SPACES
2,300
150
$5.75
ESTIMATED
FARE TO METRO
CENTER
BICYCLE
STORAGE
CAPACITY
FIG. 10 OFFICE BUILDINGS WITHIN 0.25 MILES
1
15
14
16
23
24
25
11
10
12
2
3
4
5
6
7
8
9
20
19 22
17
18
21
13
20
Copyright 2014 CBRE Information contained herein, including projections, has been obtained from
sources believed to be reliable. While we do not doubt its accuracy, we have not veried it and make
no guarantee, warranty or representation about it. It is your responsibility to conrm independently
its accuracy and completeness. This information is presented exclusively for use by CBRE clients and
professionals and all rights to the material are reserved and cannot be reproduced without prior written
permission of the CBRE Global Chief Economist.
CONTACT INFORMATION
Jeffrey Kottmeier
Director of Research & Analysis
CBRE
750 9th Street, NW
Suite 900
Washington, DC 20001
+1 202 585 5648
jeffrey.kottmeier@cbre.com
Nevena Bosnic
Research Analyst
CBRE
750 9th Street, NW
Suite 900
Washington, DC 20001
+1 202 585 5683
nevena.bosnic@cbre.com
Andrew Thau
Research Coordinator
CBRE
1861 International Drive
Suite 300
McLean, VA 22102
+1 703 905 0308
andrew.thau@cbre.com
research.cbre.com/dc

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