Venture Global LNG Invests in Arlington by Purchasing Potomac Tower
August 30, 2024 | By Destiny Esper
Arlington remains a premier business destination. Just look at Venture Global LNG’s recent acquisition of the iconic Potomac Tower in Rosslyn. This 20-story, I.M. Pei-designed office building, with its striking views of the Potomac River and the Washington skyline, now belongs to the company that has long called it home. This $143 million investment is not just a real estate transaction; it’s a significant vote of confidence in Arlington’s commercial market.
Venture Global LNG’s purchase of Potomac Tower marks one of the most substantial non-portfolio office deals in the D.C. metropolitan area over the past year, highlighting the strategic importance of Arlington to our entire region. Currently, the energy company occupies nearly 95,000 square feet of the building. The company’s purchasing decision reflects a deep commitment to Arlington as the ideal location for its headquarters. It underscores not only the resilience and attractiveness of our commercial real estate market, but also the unparalleled placemaking efforts and quality of life that can only be found in Arlington.
“Venture Global LNG’s decision to invest in Potomac Tower is a clear endorsement of Arlington as a top-tier business destination,” said Ryan Touhill, Director of Arlington Economic Development. “Their commitment to our community is a testament to the robust business climate we’ve cultivated, which continues to attract and retain leading companies.”
This deal echoes a similar investment earlier this year by CoStar Group, further validating the strength and stability of Arlington’s business climate. Arlington’s appeal as a business hub is no accident. Virginia was recognized as America’s Top State for Business in 2024, and Arlington was recently named the top mid-sized metro with the best business climate by “Business Facilities.” These accolades reflect the thoughtful planning, innovative policies and programming, and robust support systems that make our community a magnet for businesses of all sizes.
As we continue to foster a thriving business environment, we invite companies looking to relocate or expand to consider Arlington. Our Business Investment Group is here to assist with locating in Arlington, providing business development support, identifying incentives and ensuring companies can thrive in one of the nation’s best places for business.
For more information and to explore how Arlington can be the next home for your business, reach out to Arlington Economic Development’s Business Investment Group today.