Corporate relocations, new facility openings underscore economic strength

Posted by Virginia Real Estate

November 15, 2007

ARLINGTON, VA, November 15, 2007 – Several top employers are moving to Arlington in the next three months, bringing 4,000 new jobs to the County. Under the leadership and coordination of Arlington Economic Development (AED), private-sector companies BNA and DeticaDFI, as well as publicly traded Corporate Executive Board (Nasdaq: EXBD) will soon call Arlington home. Collectively, the relocations represent three of Arlington’s largest employers and more than 1,000,000 square feet of Class A office space.

In concert with the relocations, the fourth quarter of 2007 also marks the opening of the Base Realignment and Closure Commission (BRAC) Transition Center in Crystal City – a new Arlington job growth center – and the Hotel Palomar Arlington in Rosslyn – the County’s first boutique hotel.

“While Arlington’s economic improvement effort has been heavily involved in development issues recently, we have maintained our objective to fill vacant office spaces,” said Terry Holzheimer, director of AED. “The County’s development team is proud of the significant economic growth that will be happening over the course of the next few months, and we welcome these influential business players to Arlington.”

Among the notable office relocations:

Last week, BNA – the largest independent publisher of information and analysis products for professionals in law, tax, business and government – moved from Washington, D.C. to Crystal City. Its 1,000 employees work for one of the top private employers in the County. BNA held an opening party on November 7^th. County Board Chairman Paul Ferguson and Board Member Jay Fisette presented an official “Key to the County” to CEO Paul Wojcik.
Another key Arlington private employer, DeticaDFI, relocated from Washington, D.C. to Ballston in late October. They employ 250 people in their work as a consultancy delivering information services, knowledge management and tailored solutions to senior decision makers in the U.S. government.
In January 2008, the Corporate Executive Board – a leading provider of best practices research and analysis focusing on corporate strategy, operations and general management issues ) – moves from Washington, D.C. into the Waterview building in Rosslyn. Corporate Executive Board’s Arlington relocation makes it the largest private sector employer in the county with 2,500 employees.

Among the significant tourism and job growth resource centers that have opened:

Hotel Palomar Arlington opened Nov. 5 in Rosslyn. The boutique Kimpton property offers 154 guest rooms with a vibrant energetic décor that match the neighborhood.
On November 15, the BRAC Transition Center opens in Crystal City, offering counseling, financial and technical assistance to as many as 300 area small businesses and employees affected by BRAC outcomes. Establishment of the Transition Center is a county-wide response to the expected loss of 17,000 jobs and the emptying of some 3 million square feet of office space over the next six years.

About Arlington Economic Development

Arlington Economic Development (AED) is the department of Arlington County Government which is dedicated to the preservation and enhancement of an economically vital, competitive, and sustainable community by providing aggressive leadership and superior services to the commercial, visitors and housing development sectors of Arlington’s economy.

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