The investment banking concern will relocate from its current home of six years at 1750 Tysons Blvd. within the Corporate Office Centre to an entire floor of the new 13-story tower; Houlihan Lokey occupied space at 1650 Tysons Blvd. before moving to 1750 Tysons. Transwestern commercial services represented the tenant, while Diamond Property Co. stood in for property owner Lerner Enterprises.

Houlihan Lokey's planned move has generated another lease commitment within the office park; Deloitte & Touche has signed on to occupy the space Houlihan Lokey will vacate at 1750 Tysons, thereby maintaining the building's 100% occupancy level. Financial specifics of the long-term lease have not been released; however, space at the six-year-old 1750 Tysons is marketed for about $28.50 per-sf, according to commercial real estate data source Black's Guide. According to Cushman & Wakefield's Mid-Year 2005 Office Market Report, the average direct asking rate for class A properties in the Tysons Corner submarket is $30.07 per-sf.