Case Study

Silverline Center

Category
Office
Submarket
Tysons
Redevelopment Spend
$35 million
Sq Ft
546,000
Best of NAIOP Northern Virginia Awards
Award of Excellence: Best Building Common Area Category
Category
Office
Submarket
Tysons
Redevelopment Spend
$35 million
Sq Ft
546,000
Best of NAIOP Northern Virginia Awards
Award of Excellence: Best Building Common Area Category

The Opportunity

Acquired in 1997, the 546,000 square foot 7900 Westpark (now Silverline Center) presented a unique challenge to our team. Although it was well-located in Tysons with direct access to the Metro and Beltway, great visibility and a solid foundation, the asset's strong potential remained untapped primarily due to its outdated architecture including an old-fashioned atrium, lobbies and amenities.

The Result

We identified spring of 2014 as the opportune time to embark upon a $35 million renovation as the asset had 55% of its leases set to expire in 2013-2014. To complement the massive renovation and truly represent a new building, 7900 Westpark was rebranded as Silverline Center. The success of the renovation was validated by a Fortune 100 financial services company signing a 137,000 square foot anchor lease and bringing the percentage leased for the asset to 93% in December 2015.
Silverline Center exemplifies Washington REIT's value-add strategy. We redeveloped a Class B office building to create a trophy asset that is achieving higher rents and attracting top-tier tenants as a result of its successful repositioning. Tysons remains an extremely desirable but competitive submarket and our leasing success at Silverline Center evidences the talent and strength of our operations and our redevelopment expertise.”
Thomas Q. Bakke
EVP & COO

Key Attributes

Project Team

  • Owner: Washington REIT
  • Architect: Hickok Cole Architects
  • Contractor: Davis Construction
Riverside
The Wellington
The Maxwell