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Nestlé USA HQ Named Deal of the Year Nestlé USA HQ Named Deal of the Year in 2017 Best Real Estate Deals
April 2018  
Arlington Economic Update
in this issue

Company Spotlight:
PDK International Opens New Rosslyn Location
 
Retail Spotlight:
Forest City Announces New Retail for Ballston Quarter Project
 
Tourism Spotlight:
ACVS Wins Award for International Tourism Event
 
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May 11
 
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Arlington, Virginia, USA
  Gerber Relocates
  U.S. Headquarters to Arlington

Arlington is thrilled to welcome Gerber Products Company, subsidiary of Nestlé S.A. to its community as a new leader in the business market.

Virginia Governor Ralph Northam made the announcement earlier this month that Nestlé will invest an additional $5 million to relocate Gerber from New Jersey to join its U.S. headquarters in Arlington’s Rosslyn neighborhood. Gerber is expected to occupy 23,392 square feet of office space in Rosslyn’s 1812 North Moore address, creating a total of 150 new jobs.

“We are thrilled to welcome Gerber to Arlington’s business community,” said Katie Cristol, Chair of the Arlington County Board. “Nestlé’s decision to expand its new home in Arlington by relocating Gerber here reflects both the commitment to our community and the success of our efforts to diversify our economy.”

Arlington County Board Chair Katie Cristol with
Nestlé USA CEO Steve Presley
Arlington County Board Chair Katie Cristol with
Nestlé USA CEO Steve Presley at April 16 announcement.

The news brings Nestlé’s total occupied office footprint in 1812 North Moore to 252,000 square feet, which is 47,000 more than when the company first announced its relocation last year. Nestlé signed a 15-year lease for 196,000 square feet (plus additional 9,000 SF of retail/lobby) in February 2017 and has now added three more floors of the building to its original occupancy footprint.

“Closer proximity to Nestlé USA’s new headquarters in Arlington will provide efficiencies that will be reinvested in our people, products and production to fuel growth,” said Bill Partyka, President and CEO of Gerber. “Northern Virginia also offers a great quality of life for our employees and provides access to strong talent for our current and future needs.”

Nestlé’s decision to bring one of its top brands to Arlington after choosing just a year ago to locate its U.S. headquarters here is a major step forward in Arlington’s effort to diversify its economy. Once known as a government suburb, Arlington has taken a concentrated effort in recent years to attract new and different companies to Arlington, specifically those associated with the innovation economy and with a global scope.

“Gerber’s announcement is a prime example of how these companies are helping to transform Arlington into a world-class destination for companies in all industries and of all sizes,” said Victor Hoskins, director of Arlington Economic Development. “Gerber is an iconic, global brand. We are honored the company has chosen Arlington as its home and that parent company Nestlé is confident to increase its investment in our community.”

The Virginia Economic Development Partnership worked with Arlington County Economic Development to secure the project for Virginia. Governor Northam approved a grant in the amount of $862,500 from the Commonwealth’s Opportunity Fund to assist the County with the project, which Arlington County will match in local infrastructure improvements. The company is also eligible to receive a Major Business Facility Job Tax Credit. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. Arlington County is expected to receive an estimated $4.2 million in net new revenue over a 15-year period as a result of the deal.

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