EPA Signs $140M Lease at Potomac Yard

ARLINGTON, VA-After a nearly year-long search for just the right space, the US General Services Administration has settled on the $2-billion Potomac Yard development project as the new location to house the offices of the US Environmental Protection Agency. The 10-year pre-lease agreement for 400,000 sf of office space within the massive mixed-use development is said to be worth approximately $140 million.

The deal with Crescent Potomac Yard Development LLC, developer of the 300-acre endeavor, will allow the EPA to consolidate under one roof its employees currently working from three different spaces in the neighboring Crystal City submarket.

Potomac Yard is a gargantuan effort that will ultimately yield 2.8 million sf of office space, 100,000 sf of retail space, 800 residential units and a 625-room hotel. The EPA will be housed in all of Potomac Yard One and part of Potomac Yard Two, two 12-story office buildings accounting for a total of approximately 600,000 sf of space. In addition to class A office space, the structures will each feature first floor and ground-level retail space, as well as a six-level parking facility, three floors of which will be underground.