JKH Holdings to move headquarters to Gramercy District
JKH Holdings plans to move its global headquarters to Gramercy District, a “smart city” development in Loudoun County.
According to 22 CityLink, the project’s developer, JKH Holdings will become a tenant at Gramercy District in addition to being a technology partner. JKH joins other big-name companies that are partners in the project, but so far it is the first partner to agree to become a tenant at the project, which will be adjacent to the future Ashburn Metro station.
Some of the other partners are Microsoft, Avaya and the Center for Innovative Technology. 22 CityLink says the project will create an environment “where entrepreneurs, businesses, academia and governments can flourish through technology, collaboration and innovation.”
JKH Holdings is a business conglomerate including companies in many technology and service areas. Currently, its global U.S. office is located in McLean.
“We are excited to move our headquarters to Gramercy District – a location where we can work and participate directly with this pioneering smart city initiative that is reshaping industries and the way people live,” Javad Hassan, chairman and founder of JKH Holdings, said in a statement.
According to a release, JKH has more than 4,000 employees spread across five geographic regions in companies that generate revenue of $400 million annually.
According to the Washington Business Journal, the company would lease space in a Phase One building that would include 55,000 square feet of office and co-working space, ground-floor retail and 350 apartments. That building is expected to open by the second quarter of 2019, or about a year before the Silver Line metro extension to Loudoun is scheduled to begin.
Gramercy District has been planned as a $500 million project with 2.5 million square feet of mixed-use development at a transit-oriented location.
Gramercy District will be 22 CityLink’s first ground-up development located in the greater Washington area.