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Virginia
Business
December 2004
ROSSLYN
The Corporate Executive Board, a Washington, D.C.-based
research company, has signed a 20-year lease to move
into a new 1 million-square-foot mixed use project in
Arlington County. The company, which provides best practices
research, and other services to many Fortune 500 corporations,
currently has employees in four buildings in Washington.
The 24-story Waterview towers will provide the option
of putting everyone together in one location and allow
for staff growth in a tight real estate market. The
anticipated occupancy date is the first quarter of 2008.
The project is being developed by JBG Cos. of Chevy
Chase, Md., real estate investor CIM Group of Los Angeles
and Trizec Properties Inc., a Chicago-based real estate
investment trust. It is expected to result in a $227
million investment and 2,500 new jobs for the Corporate
Executive Board, paying an average annual salary of
$70,000.
Return to Virginia Business - December 2004
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