ARLINGTON, VA (May 6, 2025) – Jamestown, a design-focused real estate investment and management firm, today announced Gilbane Building, one of the largest privately owned construction companies in the world, signed a lease for a 27,000-square-foot office at Ballston Exchange, a mixed-use retail, dining, and office development in Arlington’s Ballston neighborhood. Gilbane adds to the property’s tenancy which includes Agricultural Retailers Association, a non-profit trade association and Booz Allen Hamilton, the largest provider of AI to the federal government.
"Ballston Exchange continues to attract industry leaders like Gilbane Building which recognize the advantage provided by the property's transit-accessible location and comprehensive amenities," said Rameez Munawar, Senior Vice President, Mid-Atlantic Regional Market Leader at Jamestown. "The common spaces offer tenants added flexibility to support evolving workplace needs, while the ground-floor retail provides employees convenient access to a wide range of food and beverage options, as well as health and wellness services.”
"Gilbane is thrilled to elevate our presence in the DMV with this strategic move to a more connected, amenity-rich location," said Tyler Swartzwelder, DC business leader at Gilbane Building. "This move will increase our overall footprint while consolidating our operations onto a single floor, creating a more collaborative experience for employees and visitors. As we continue to grow our regional presence, the proximity to Metro provides our team with better connectivity to our clients and partners throughout DC, Maryland, and Virginia. Gilbane's interiors and preconstruction groups are already working with our design team, STUDIOS, to ensure a seamless transition into our new space in 2026."
Ballston Exchange is well situated with direct access to the Metro and offers a range of tenant amenities, including indoor and outdoor public open space, concierge services, and event space. In addition, Jamestown outfitted Ballston Exchange with top of the market shared tenant amenities, including a 10,000-square-foot, full-service conference center, to address the needs of modern companies and tenants.
Since acquiring the property in 2015, Jamestown has modernized the property via architectural renovations, landscaping, and streetscape improvements. The property’s diverse retail tenants include Orange Theory Fitness, CorePower Yoga, El Rey, Grazie Grazie, SWTHZ, Tend, Chopt, and CAVA. Office tenants include, The Agricultural Retailers Association, Booz Allen Hamilton, The Insurance Institute for Highway Safety (IIHS), Amentum, and more.
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About Jamestown
Jamestown is a design-focused, vertically integrated real estate investment manager and service provider with over 40 years of experience and a mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions exceeding $40 billion. As of March 31, 2025, Jamestown has assets under management of $14.2 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Jamestown employs more than 600 people worldwide with 11 global offices, including headquarters in Atlanta and Cologne. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Buildings in Boston and Lisbon, and Groot Handelsgebouw in Rotterdam. For more information, visit www.jamestownlp.com.
About Gilbane Building
Gilbane Building is a global leader in construction management, delivering high-quality projects for clients across various markets. Gilbane provides a full slate of construction and facilities-related services – from preconstruction planning and integrated consulting capabilities to comprehensive construction management, general contracting, design-build, and facility management services. Founded in 1870, Gilbane is still a privately held, family-owned company. With more than 45 office locations worldwide, Gilbane brings world-class experience to local communities. For more than 50 years, Gilbane has delivered construction services across the Washington, DC, Maryland, and Virginia area for clients across multiple market sectors, including healthcare, sports, entertainment, life sciences, cultural, and education. For more information, visit https://www.gilbaneco.com
