Marine Acoustics, a global scientific and engineering company providing diverse consulting & engineering services has renewed their Arlington, VA office lease at 4350 Fairfax Drive in Arlington, VA. Represented by Timothy Jacobs and Edward Saa, Marine Acoustics was able to renew their lease early, negotiate a lower price per square foot, receive rent abatement during renovations, along with tenant improvement dollars for security upgrades and space updates. In addition to the lease negotiations, updates to the building and the addition of shared amenities that include an outdoor/indoor fitness center, an atrium lobby, tenant lounge, conference center, bike room and zen garden allowed Ethos Tenant Co. to deliver a great transaction for Marine Acoustics.
Steve Psaras, Vice President, Virginia Operations said “We had about a year left on our lease, but a client required us to have a 5-year lease in place to renew their contract so we needed to make some decisions fast. Do we stay put or do we leave? Last time we renewed our lease, Ethos Tenant Co. also represented us in that transaction. At that time, we evaluated all our options and after some extensive research and number crunching, we realized that the juice wasn’t worth the squeeze and staying put was our best option. Going into the process this time we wanted to have Ethos Tenant Co. create the leverage we needed to secure a great renewal and additional space. Our landlords were great to work with, super accommodating and since we negotiated our lease early, they were able to offer us great terms that we were happy with.”
Tim Jacobs explains.” When we worked with Marine Acoustics on their last lease renewal, we did a comprehensive analysis of their space options. As a result, we realized that the space they were in was ideal and was able to meet all their requirements. Going into negotiations with the landlord we wanted to leverage their 10 plus years as an existing tenant and their willingness to renew their lease early. The landlord was accommodating, and we were able to save them money per square foot while also increasing their access to valuable shared amenities.”
Marine Acoustics, Inc. is a global scientific and engineering company providing a diverse set of government, corporate and international clients with a broad spectrum of consulting and engineering services. MAI exists to strengthen our leadership and technical knowledge of the ocean environment and information technology as a tool for solving complex marine environmental problems. Our areas of expertise include a full range of environmental compliance services, undersea warfare design, test and evaluation services, marine environmental compliance, sea test planning, and support, all supported by an award-winning and internationally recognized research and development program. Visit www.marineacoustics.com.
Ethos Tenant Co. is a boutique Washington D.C. metropolitan-based commercial real estate leasing agency that exclusively specializes in turnkey tenant representation solutions. We pride ourselves with the ability to bring your unique ethos to life through office space, ultimately turning your office lease into a business tool creating an experiential workplace that your company will thrive in. Visit www.ethostenantco.com.
