Volkswagen Selects Reston, VA for its North American Headquarters

RESTON, VA – Volkswagen Group of America Inc. has signed a new, 20-year lease agreement, encompassing 196,000 square feet of space at Boston Properties Inc.’s new development in the next phase of Reston Town Center in Reston, VA.

With the leased space, Volkswagen Group of America will serve as an anchor tenant for Boston Properties’ 1.1-million-square foot-development. The project is currently 85% leased.

Jones Lang LaSalle’s Greg Lubar and Steve Spartin represented Volkswagen Group of America in securing the lease for its new North American headquarters.

The urban center is currently home to more than three million square feet of class A office space, more than 50 retailers, 30 restaurants and 2,000 residential homes.

Reston Town Center’s extension includes retail space, open public space, a hotel, residential buildings and the two tower, 1.1-million-square-foot office development, previously known as Reston Next. Once fully completed, the extension will add more than 4.4 million square feet to Reston Town Center.

“We are thrilled that Volkswagen has chosen Reston Town Center for their North American headquarters,” states Peter Johnston, Boston Properties’ EVP for the Washington D.C. Region. “Companies looking to recruit and retain the best and brightest talent continue to be drawn to Reston and Reston Town Center as the ideal location to grow their organizations.”

“A company focused on the future of mobility needs a future-proof workspace to match those ambitions,” says Scott Keogh, president and CEO of Volkswagen Group of America. “This space is designed from the start to be efficient, collaborative and bring our team under one roof so we can keep and attract top talent.”