M.C. Dean Joins Growing Number of Companies Moving to the Premier Mixed-Use Development in Tysons
The Meridian Group announced today that M.C. Dean, Inc. is moving its headquarters to Greensboro Station, a three-building Class A office complex at The Boro in Tysons, Va.
M.C. Dean, the nation’s premier electrical design-build and systems integration firm, will lease 85,807 square feet of space.
“This is a tremendous story for Tysons and in particular Greensboro Station and The Boro,” said Gary Block, a partner at The Meridian Group, which owns Greensboro Station and is developing The Boro. “Company leaders are seeing the ongoing transformation of Tysons -- with a host of new amenities and easy access to the Metro. They know this will help them to attract and retain the best employees, and better service their clients.”
M.C. Dean is moving its headquarters from 22980 Indian Creek Drive in
Dulles, Va. The move marks another major milestone for M.C. Dean, which began as a small electrical firm in 1949 and has now grown to 3,000 employees worldwide.
Greensboro Station, with three interconnected Towers totaling 630,000 square feet, is conveniently located just steps from the Greensboro Metro station.
The complex is a key part of The Boro, a new 4.2-million-square-foot development that will feature a vibrant mix of offices, apartments, condominiums, upscale stores, restaurants, entertainment and open park space. Scheduled to break ground later this summer, The Boro will be the premier Metro-oriented, mixed-use destination in Tysons.
CBRE’s Terry Reiley and Dan Grimes handled the leasing for The Meridian Group. M.C. Dean was represented by CBRE’s Erik McLaughlin, Malcolm Schweiker and John Redeker
“M.C. Dean’s selection of Greensboro Station as its new headquarters is a clear endorsement of Meridian’s repositioning and redevelopment strategy,” said Reiley, senior vice president for CBRE. “Our remarkable success at the project underscores tenants’ desires to locate within dynamic, well-located, amenity-rich neighborhoods.”
Meridian, a real estate investment and development firm based in Bethesda, Md., acquired Greensboro Station from Science Applications International Corp. (SAIC) in 2013. The firm immediately went to work renovating the complex, investing more than $30 million.
The improvements include renovated building lobbies, an enhanced fitness facility, a new Starbucks coffee shop, an inviting café, and a new state-of-the-art conference center. Meridian also has sponsored events for tenants at the complex.
“Meridian’s focus on creating a tangible energy in the building through creative design and our hospitality mentality continues to attract tenants looking for not just an office but for a community,” said Morgan Blackwood Patel, the building’s asset manager.
The work has paid off: Cvent was the first new tenant and leased 128,000 square feet for its headquarters. And with M.C. Dean’s signing, Greensboro Station is now 91 percent leased, compared to 25 percent when Meridian acquired the complex.
“We’ve successfully transformed what was once a single-tenant complex that had no identity to a vibrant multi-tenant complex with several companies headquartered there,” said David Gelfond, senior vice president at The Meridian Group. “Greensboro Station clearly offers tremendous value to tenants, as proven by the fact that we’ve leased more than 400,000 square feet since we acquired it.”
M.C. Dean is the second major company to select The Boro for its new headquarters in recent weeks. On June 17, TEGNA announced it was moving its headquarters to Boro Tower, a new 20-story trophy office building to be constructed as part of The Boro’s 1.7-million-square-foot first phase.
“We’re very pleased with the momentum that The Boro is gaining in the marketplace,” Block said. “M.C. Dean could not have a chosen a better place for its headquarters.”
ABOUT M.C. DEAN
M.C. Dean is the nation’s leading electrical engineering and systems integration firm for complex, mission-critical facilities, setting the industry standard for design-build-operate-maintain programs delivering proven energy efficiency and reliability in intelligent infrastructure, security, life-safety, telecommunications, and automation. M.C. Dean is based in Northern Virginia and has over 25 offices worldwide. For more information, visit www.mcdean.com.
ABOUT THE MERIDIAN GROUP
The Meridian Group is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, Meridian has acquired and developed more than 12 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, DC market. To learn more, visit Meridian’s website at www.tmgdc.com.
