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Avison Young Arranges 245K-SF HQ Lease in Tysons
Avison Young has negotiated a long-term lease renewal of 189,000 square feet and added 57,000 square feet, bringing the total footprint for Alarm.com to more than 245,000 square feet at The Boro in Tysons for its headquarters located at 8281 Greensboro Drive in Tysons, Virginia.
Alarm.com was represented by Bill Evans, Principal at Avison Young’s Tysons office and Terry Reiley, Executive Vice President at CBRE, represented the landlord, The Meridian Group (TMG).“The entire team – Alarm.com, Avison Young, The Meridian Group and Starwood Capital spent two years crafting a win-win solution,” said Evans.
Alarm.com will become the sole tenant of the building, with improvements slated for completion in mid-year 2025. Amid widespread downsizing in the market, Alarm.com will expand its office space by 30%—one of the largest lease transactions of 2024 in Northern Virginia.
“Alarm.com’s continued growth and expansion is a testament to how the Commonwealth’s business environment provides growth opportunities for all companies and demonstrates why Virginia is America’s top state for business,” said Governor Glenn Youngkin.
