Gilbane Building Signs 27,000 SF Lease at Jamestown’s Ballston Exchange in Arlington

By: Velorine

Construction giant expands its regional footprint with a new office in one of Northern Virginia’s most vibrant mixed-use hubs

ARLINGTON, VA, the design-forward real estate investment and management firm behind some of the country’s most iconic properties, announced today that Gilbane Building Company has signed a 27,000-square-foot office lease at Ballston Exchange, a dynamic mixed-use development in the heart of Arlington’s Ballston neighborhood.

One of the world’s largest privately held construction companies, Gilbane will join a growing roster of industry-leading tenants, including Booz Allen Hamilton, The Agricultural Retailers Association, and The Insurance Institute for Highway Safety, further cementing Ballston Exchange as a hub for innovation and leadership.

“Ballston Exchange continues to attract industry leaders like Gilbane Building who recognize the advantage of a transit-oriented location paired with top-tier amenities,” said Rameez Munawar, Senior Vice President and Mid-Atlantic Regional Market Leader at Jamestown. “The property is designed to adapt to modern workplace needs while offering easy access to retail, wellness, and collaborative spaces.”

A Strategic Move for Gilbane

Gilbane’s new office, scheduled for occupancy in 2026, will consolidate its operations onto a single floor, enhancing collaboration and efficiency across its teams.

“We’re excited to elevate our presence in the DMV with this move to Ballston Exchange,” said Tyler Swartzwelder, Gilbane’s DC Business Leader. “The location offers better connectivity across DC, Maryland, and Virginia, while the on-site amenities support both our team’s wellbeing and our operational goals.”

Gilbane’s interiors and preconstruction teams are already collaborating with STUDIOS Architecture to design a workspace that reflects its forward-thinking approach.

A Hub of Connectivity and Convenience

Situated directly above a Metro station, Ballston Exchange offers seamless access to public transportation and a full slate of on-site amenities. Highlights include:

• A 10,000-square-foot conference center
  
• Concierge services
  
• Indoor/outdoor public spaces
  
• Curated dining and wellness retail like OrangeTheory Fitness, CorePower Yoga, Grazie Grazie, Chopt, and CAVA
  

Since acquiring the property in 2015, Jamestown has completed significant renovations that have transformed Ballston Exchange into a modern workplace destination, integrating design, functionality, and community.

About Ballston Exchange

Ballston Exchange is a reimagined workplace that blends vibrant retail, high-performance office space, and a strategic location. With its urban design, tenant-focused amenities, and walkability, it continues to attract top-tier companies looking to offer employees the best of convenience, collaboration, and connectivity.

About Jamestown
Jamestown is a global real estate investment and management firm with a mission to create places that inspire. With over four decades of experience and $14.2 billion in assets under management as of March 2025, Jamestown’s portfolio includes transformative projects such as One Times Square, Chelsea Market, Industry City, and Ponce City Market.

About Gilbane Building Company
Founded in 1870, Gilbane is a leading construction management firm known for delivering high-impact projects across sectors including healthcare, education, life sciences, and cultural institutions. With a robust presence in the DC metro area, Gilbane continues to be a trusted builder shaping communities throughout the region.