In The News
February 21, 2019
New York City Tech Firm Yext Plans New Arlington Office, Hiring Spree
By Michael Neibauer
Washington Business Journal

Rosslyn might not have landed Amazon, but it will have Yext.

Yext Inc., a New York City-based tech company that provides cloud-based brand management services, will occupy 43,000 square feet in Rosslyn and expects to hire 500 employees in Greater Washington over the coming years.

The company will occupy the top three floors of Monday Properties’ 1101 Wilson Blvd. and will have access to a private roof terrace. The open floor plan office will feature fully stocked kitchens that provide free meals to all employees. Yext (NYSE: YEXT) will have its logo affixed to the top of the building.

Howard Lerman, Yext founder and CEO, is a Virginia native and graduate of Fairfax County’s Thomas Jefferson High School for Science and Technology. Several of Yext’s top executives are also TJ grads.

"Washington, D.C., and Northern Virginia are emerging as one of the country's major hubs for tech talent, which was a key factor in our decision to expand in the area,” Lerman said in a release. “Our new office will be a key foothold as we continue our global growth."

He added, "We plan to create five hundred jobs in Greater D.C. in the coming years for talented, creative people who want to build a new technology category, so we are establishing a brand new, state-of-the-art space to fuel our growth today and well into the future."

The competition for tech jobs should be fierce, as Inc. (NASDAQ: AMZN) plans to employ 25,000 at its second headquarters, also slated for Arlington.

Yext clients include Taco Bell, Rite Aid and Steward Health Care, all of which use Yext products to control the brand experience across the universe of maps, apps, search engines, voice assistants and other services. The company is headquartered in New York with offices in Chicago, Dallas, San Francisco, Berlin, London, Paris, Shanghai and Tokyo.

Rosslyn is now home to the likes of Nestle USA, Gartner, Politico, Raytheon offices and a host of federal agencies and contractors. Rosslyn's growing list of amenities "continue to attract high-quality companies looking for the very best for their employees and customers," Austin Freeman, senior vice president of asset management for Monday Properties, said in a release.

Monday Properties was represented in-house by John Wharton and Deniz Yener as well as JLL’s Herb Mansinne, Bob VeShancey, and Yorke Allen. Yext was represented by Larry Bank and Bill Zonghetti of Newmark Knight Frank.

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