The Reston-based software company Appian Corporation will move its headquarters from Reston Town Center to the Valo Park campus in Tysons Corner, Virginia Gov. Ralph Northam announced Tuesday afternoon.
The relocation to a planned 200,000 square-foot headquarters comes as Appian looks to expand after going public last year.
As the anchor tenant for the newly redesigned Valo Park building at 7950 Jones Branch Drive, Appian will invest $28.4 million and bring 600 new jobs to the Tysons area, which has used the arrival of Metro to attract developers and businesses looking for office space.
According to Fairfax County Board of Supervisors Chairman Sharon Bulova, Tysons has added 13 new buildings and millions of square feet of mixed-use, transit-oriented development since the first phase of Metro’s Silver Line launched in 2014.
“I love Tysons,” Bulova said. “Looking out the window here, looking at everything going on, this is an exciting place to be. This is boomtown Fairfax County…This area is transforming rapidly before our eyes, and we are so glad that you will be located here.”
Appian founder and CEO Matthew Calkins joined Northam, Bulova, and Virginia’s newly appointed Secretary of Commerce and Trade Brian Ball in Valo Park’s expansive, glass-encased lobby for the company’s announcement of its relocation.
Valo Park is currently owned by the private real estate investment company Tamares Group, which bought the 16-acre commercial office lot three years ago with the goal of converting what was a single-use facility into a multi-tenant campus.
Calkins and Tamares chairman Chaim Zabludowicz formally signed a long-term lease agreement on Apr. 17 following the relocation announcement.
Though he did not say exactly how long the lease will last, Calkins says that it has a term exceeding a decade.
“It’s an easy decision for me,” Calkins said of relocating Appian to Tysons. “I love Virginia. We’ve been building the business here for 19 years. I wanted to be here.”
Tysons, and the Valo Park campus in particular, appealed to Appian’s leadership team because of its proximity to transportation facilities and amenities for employees.
With 785,000 square feet of office space and amenities, the redesigned Valo Park building boasts tennis and basketball courts, outdoor picnic areas and gardens, jogging trails, a 300-seat auditorium, a full-service eatery, and a lobby with a restaurant and coffee bar.
“We are honored that Appian has chosen Valo Park as its new headquarters,” Zabludowicz said.
Founded in 1999 as a low-code software development platform provider, Appian has grown over the past two decades from a four-person startup operating out of Calkins’s apartment in McLean to a publicly-listed company with more than 1,000 employees that the Fairfax County Economic Development Authority describes as an industry leader.
Over that time, Appian has moved several times, but it has always stayed within the Northern Virginia region.
Valo Park will be the company’s seventh headquarters, including that McLean apartment, a townhouse in Falls Church, an Arlington office building, and two different properties at Reston Town Center.
According to the Fairfax County Economic Development Authority, Appian’s move to Valo Park was made possible due to a collaboration between the EDA and the Virginia Economic Development Partnership, which was created by the Virginia General Assembly in 1995 to foster new business investment, international trade growth, and existing business expansion.
Northam approved a $4 million grant for the project from the Commonwealth’s Opportunity Fund, which awards matching grants to localities looking to secure a business location or expansion project.
The Virginia Jobs Investment Program will provide funding and services to support Appian’s future employee training activities.
“We want to make sure that all jobs in the Commonwealth are good jobs, and a lot of that starts with workforce development,” Northam said. “As I reach out and work with businesses that are grown in Virginia and also attracting new businesses, training individuals for the 21st century economy is really where the rubber meets the road.”
In addition to allowing Appian to retain 600 existing jobs in Fairfax County, the company’s Tysons expansion will add 600 new jobs with a primary focus on technology professionals, though Calkins says that they are also looking to hire consultants, marketers, and salespeople, including account executives.
Appian filed a $86 million initial public offering with the U.S. Securities and Exchange Commission on Apr. 27, 2017 after recording $135 million in sales over 12 months up to Mar. 31, 2017, according to the IPO investment management and research company Renaissance Capital.
After seeing its revenue jump up from $89 million in 2014 to $132.9 million in 2016, the company opened on the Nasdaq exchange on May 25, 2017 at $12 per share, according to a report from the Washington Business Journal.
“Appian’s come a long way, and as we’ve made progress, it’s been thoroughly in partnership with the Commonwealth of Virginia,” Calkins said. “Every headquarters that we’ve had, all seven including this one, has been in Virginia. We are an example of what’s possible in Virginia…with the advantages that this region has.”