Savills Studley Advises MWAA on Headquarters Office Relocation
Airports Authority finalizes lease to move headquarters staff to Crystal City in Spring of 2017
McLean, VA (September 13, 2016)  

Metropolitan Washington Airports Authority (MWAA) has finalized a lease that will move its headquarters operation from the grounds of Reagan National Airport to USAA’s building located at Two Potomac Yards 2733 Crystal Dr. in Crystal City, VA. As advisors to MWAA, Savills Studley managed the process, from inception to lease execution and will be overseeing the construction of the premises. MWAA plans to occupy its new facilities in the spring of 2017 to clear the way for a terminal construction project to proceed on the site of its current headquarters building.

MWAA will occupy a 74,248-square-foot space on three floors in the building. The location of USAA’s building in Crystal City offers the advantages of institutional ownership, proximity to and views of Reagan National Airport, large efficient floors and a LEED certified, energy efficient building.

“There were many viable options available in the Crystal City area,” said Wendy Feldman Block, Senior Managing Director, Savills Studley. “MWAA was fortunate to have secured a long term lease in a high quality yet affordable building owned and operated by USAA, a strong financial institution.”

The Savills Studley team included Bill Quinby, Executive Vice President and Co-Regional Manager of the Washington, DC region; Wendy Feldman Block, Senior Managing Director; David Cornbrooks, Assistant Director; and Dave Simmons, Director of Project Management. Carol Honigberg and Jennifer Cuddy of Reed Smith provided legal representation to MWAA. OPX is providing design services for the project. USAA was represented in the transaction by Malcolm Schweiker, Greg Carpentier and Erik McLaughlin of CBRE.

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

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