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| [December 03, 2012] |
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Intelsat will relocate its U.S. headquarters to Fairfax County and bring more than 430 employees to local economy
FAIRFAX COUNTY, Va. --(Business Wire)--
Governor Bob McDonnell announced today that Intelsat (News - Alert), the world's
leading provider of satellite services, will relocate its U.S.
headquarters to the Tysons Corner area of Fairfax County from its
current location in Washington, D.C. Intelsat plans to bring more than
430 employees to the Fairfax County economy when it relocates in
mid-2014.
Intelsat will lease approximately 188,000 square feet of space in Tysons
Tower, a 20-story office building that is being built by Macerich (NYSE:
MAC) at Tysons Corner Center, adjacent to the Tysons Corner Metro
station. The Metro station is scheduled to open in December 2013. The
decision by Intelsat marks the first major announcement of a company
that is locating in a building near one of four Metro stations due to
open in Tysons on Metro's Silver Line.
"It gives us great pride to have Fairfax County chosen as the new home
for Intelsat's U.S. headquarters," said Gerald L. Gordon, Ph.D.,
president and CEO of the Fairfax
County Economic Development Authority (FCEDA). "As Fairfax County
emerges as the Washington region's economic downtown, world-class
companies such as Intelsat increasingly are finding this to be an
environment conducive to business growth and success."
Gordon also noted that Intelsat will broaden Fairfax County's economic
base. "Intelsat's leadership role in the satellite industry gives
Fairfax County strength in yet another commercial sector," he said. "As
the Washington region's business community prepares for reductions in
federal procurement, Intelsat, with its rich history of technical
leadership and commercial innovation, represents an important
diversification of and stabilization for the Fairfax County economy in
the future."
"In selecting a new location for our U.S. headquarters, we sought an
environment that reflects the innovative and dynamic nature of our
industry," said Intelsat CEO David McGlade. "Given our highly skilled
workforce and global presence, our requirements warranted a modern and
collaborative workspace with access to well-educated professionals, a
first-class transportation system and compelling amenities. I want to
thank Governor Bob McDonnell, our partners at the Virginia Economic
Development Partnership and the Fairfx County Economic Development
Authority in welcoming Intelsat to Tysons Corner, where we will continue
to build on our mission of providing critical communications
infrastructure throughout the world."
The Fairfax County Board of Supervisors in June 2010 approved
comprehensive plan changes for Tysons Corner to transform it into a
walkable, sustainable, urban center that ultimately will be home to
100,000 residents and 200,000 jobs. The plan focuses development
activity around four Metro stations scheduled to open in December 2013,
and Intelsat is the first major office tenant to announce a new location
adjacent to one of the stations. "As Tysons evolves, Intelsat represents
the first new major tenant in the area," Gordon said. "What better way
for the implementation of the Tysons plan to be initiated than with this
announcement by an industry leader such as Intelsat."
Tysons Tower will be located at 7900 Tysons One Place. The building is
one of three towers that comprise a mixed-use (office, hotel and
residential) project. The three towers will be connected by a skywalk
bridge plaza, and will be a short walk to the planned Tysons Corner
Metro station. Intelsat will occupy the 14th to 20th
floors of what will be the tallest building in Tysons Corner. Intelsat
will remain in its current Washington, D.C., location until it moves to
Fairfax County.
The Virginia Economic Development Partnership worked with the FCEDA to
secure the project for Virginia. Governor McDonnell approved a $1.3
million grant from the Governor's Opportunity Fund to assist Fairfax
County with the project. Through its Virginia Jobs Investment Program,
the Virginia Department of Business Assistance will provide funding and
services to support the company's recruitment, training and retraining
activities.
Time magazine called Fairfax County, just outside Washington, D.C., "one
of the great economic success stories of our time." Business growth
helps Fairfax County fund public services that contribute to the quality
of life of residents. Fairfax County offers businesses a
state-of-the-art telecommunications infrastructure, access to global
markets through Washington Dulles International Airport and a
well-educated workforce.
The award-winning
Fairfax County Economic Development Authority promotes Fairfax County as
one of the world's best business
centers. In addition to its headquarters in Tysons Corner, Fairfax
County's largest business
district, the FCEDA maintains marketing offices in six important
global business centers: Bangalore,
London,
Los
Angeles, Munich,
Seoul
and Tel
Aviv.
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