Amazon at National Landing

The Real Estate TRANSIT RICH National Landing will encompass parts of the Pentagon City, Crystal City and North Potomac Yard submarkets in Arlington and Alexandria.

This area includes virtually all of the existing office Leveraging inventory for those submarkets – as of 3Q 2018 the the Region’s combined market was 13 msf and 16% vacant. Tech Economy JBG Smith owns 6.2 msf of existing office and 2,850 multifamily units and has the capacity for LEASE PURCHASE

7 msf of additional development opportunities, BASE MAP ART COURTESY OF HQNOVA.COM excluding Amazon’s proposed land purchase. THREE CONNECTED Expect a positive impact on the neighboring Amazon’s Occupancy at National Landing submarkets of Rosslyn-Ballston, Old Town and URBAN elsewhere. DISTRICTS 10+ YEARS 8 Residential impact likely to be regional with MSF a concentration in the close-in communities, Virginia Tech supporting additional multifamily. JBG Smith will partner with Amazon Amazon’s build out will be gradual Graduate to provide property management, (10+ years) and over time could translate Campus development and retail leasing services. to more than 8 msf of occupancy. The Infrastructure

Up to $195 M has been With a funding solution passed, Amazon’s Initial Space... & Purchased Parcels allocated for multimodal Virginia has committed to two transportation projects. metrorail projects: 241 18th Street South PenPlace This 330,700-sf office building is steps from the This 10-acre entitled site General improvements −− Crystal City East entrance, and Crystal City Metro station; Previous home to 241 18th St. can support up to 2.1 msf of are planned for Route 1, −− Potomac Yard SW entrance U.S. Marshals. development; This site is on as well as a pedestrian the same block as Residence bridge connecting the Inn; Office use is TBD. 1770 Crystal Drive (aka 1750 Crystal Drive): roadway to Reagan Amazon will occupy the entire 272,000-sf National Airport. office building; Renovation underway. Metropolitan Park 1770 Crystal Amazon purchased two parcels 1800 South Bell Street located at Eads Street and 15th This 221,000-sf building is vacant, except Street South; One site entitled Amazon’s Expected New Jobs for University of Phoenix space on the lower for residential; Office use is TBD. The Jobs Phase 1 - National Landing levels; JBG Smith has filed for permits for 1800 S. Bell Amazon will create 25,000 jobs interior demolition of the building. 2019 400 at National Landing, at an average 2020 1,180 wage of $150,000 per year, 2021 1,964 plus benefits, escalating at 1.5% annually. 2022 1,439 Familiar Territory In Good Company 2023 2,665 Even before HQ2, Amazon had a major Amazon follows other major

Employment growth is in line with 2024 2,352 presence throughout Northern Virginia with corporations recently moving HQ facilities including... operations to Northern Virginia.... Virginia’s recent performance, 2025 1,643 averaging +34,000 jobs annually 2026 2,207 since 2000. East Coast Multiple Prime Now Multiple 2027 3,000 AWS Campus Data Center Facility Fulfillment Locations Centers More than 35,000 indirect 2028 3,000 jobs are expected as a result of 2029 2,305

Amazon’s presence. 2030 2,845

The Value Add for Virginia Proffers will benefit Virginia and Northern Virginia – not just Amazon.

$700 MILLION

Employment/industry Enhances Virginia’s Solidifies Urban Core and Statewide investments to VT Innovation Campus at More than $700M for Other universities to expand diversification to innovation brand and aids in promotes work-live-play expand Computer Sciences National Landing - $1B for grad new higher education tech education, such as and technology retaining tech talent density and car-free lifestyle related degrees, internships students, research labs, start-ups and K12 funding GMU’s Arlington campus

The information contained herein was obtained from sources which we deem reliable, including Arlington County, Avison Young Research, Bisnow, Costar, Hqnova.com, JBGSmith.com, REIonline.com, Reis, Inc., Southeast Real Estate Business, Virginia Economic Development Partnership, and Virginia Tech. Avison Young Washington, DC LLC does not guarantee the accuracy or completeness of the information presented, nor does it assume any responsibility or liability for any errors or omissions. @AYDCmetro