In The News
Preferred Offices Announces Newest Business Center Location at Potomac Tower in Rosslyn, Virginia
Experiences continued demand for flexible offices despite economic uncertainty
Responding to strong demand for its flexible office programs, Preferred Offices™ announced today that it will open its ninth Washington D.C. area business center in Rosslyn, Virginia. The new Preferred location will open with 67 offices at the end of the first quarter of 2009 in Potomac Tower, a 238,000 square foot class A office building owned by Brookfield Properties and located in Rosslyn's dynamic urban core. Potomac Tower is located at 1001 North 19th Street in Rosslyn.
The new 18,000 square foot Preferred Offices center will feature dramatic, unobstructed views of Washington D.C., the National monuments along Constitution Avenue, the Potomac River and historic Key Bridge. Upon completion, the new center will boast fully-furnished executive offices, conference and training rooms, state-of-the-art IT infrastructure, and a team of experienced administrators on-site to help clients manage their day-to-day business.
Preferred Group CEO Joe Wallace, commented "We are excited to bring a new Preferred Offices center to Rosslyn– the first new business center in this submarket in over fifteen years, and the first Preferred Offices center in Arlington County."
He added "We believe many of our clients–independent professionals of all types, government contractors, government relations specialists–will appreciate the advantages of conducting business in Northern Virginia, while still being literally on the doorstep of Washington D.C. Rosslyn is the only suburban location that is one Metro stop away from both K Street and the Pentagon; it is unsurpassed in its convenience, accessibility and value."
Angie O'Grady, COO of Preferred Offices added, "We believe that the benefits our clients enjoy–chiefly the ability to keep their commitments short and flexible, to add or eliminate offices on 30 days notice–have even greater value in times of economic uncertainty. During these times, companies want to keep their options open, so they aren't stuck with expensive space or systems they won't eventually need, or so that they can respond nimbly to Federal contracting opportunities." She added, "Of course, they also care about image and service quality, which is what sets Preferred Offices and Potomac Tower apart from other solutions."
Mr. Wallace concluded, "Our clients want to outsource the management of their office infrastructure, they want to minimize their long term liabilities, they want to save time and capital, and they want a great office. That's what Preferred represents for them: an opportunity to reclaim time, re-purpose capital, manage their risk exposure and come to work everyday in a great professional environment where everything is taken care of for them. It's that simple."
The owner of Potomac Tower, Brookfield Properties – one of North America's largest public commercial real estate companies – owns develops and manages premier office properties in major U.S. and Canadian cities. The portfolio is comprised of interests in 108 properties totaling 74 million square feet in the downtown cores of New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, Calgary and Ottawa. The company also holds interests in 17 million square feet of high-quality, centrally located development and redevelopment properties in its major markets.
About Preferred Offices
Founded in 2003, Preferred Offices is a leading Washington DC provider of serviced office space. Preferred's mission is to provide compelling professional business environments to clients who have small or rapidly changing work space requirements. At Preferred Offices, clients can choose from a full array of office, meeting room and support packages, including virtual office programs designed to provide part-time office space for mobile workers and telecommuters. Preferred accommodates client requirements ranging in size from one person to one hundred people, and terms from thirty days to three years, with no up front capital costs. Preferred Offices serves over 700 clients in the Washington DC region, with offices in Washington DC, Bethesda, Tysons Corner, Alexandria and Reston Town Center.