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Unique new space provides flexible and affordable real estate solutions for startups as well as access to real estate expertise
WASHINGTON, Feb. 6, 2013 — 1776, a new DC-based initiative to convene and accelerate startup companies in the heart of the District of Columbia, is bringing an entirely new office concept to downtown Washington. 1776’s new space offers entrepreneurs - in all stages of building their businesses - real estate options that meet their immediate needs, but that can easily adapt to growth.
Senior Vice Presidents Andy O’Brien and Alex Lassar of Jones Lang LaSalle collaborated with 1776’s co-founders, Evan Burfield and Donna Harris, to create the innovative real estate solutions that will support the memberships and operations of 1776. O’Brien and Lassar also represented 1776 in its 15,000-square-foot lease at 1133 15th Street, N.W.
“We really took 1776’s motto, ‘where revolutions begin’ to heart - not just in the hunt for the location, but in how to access, occupy and grow this space within the parameters of the traditional Washington, DC real estate marketplace,” said Alex Lassar, Jones Lang LaSalle.
“This space is perfect for young companies that do not have a lot of capital, but do have tremendous potential,” added Lassar. “1776 is making it as easy to find a place to work as it is to have a membership to any other type of facility.
This allows them to focus on their passion – work – and not on real estate decisions, with the added bonus of the startup community as an additional ‘amenity’ around them.”
While 1776 is initially taking 15,000 square feet at 1133 15th Street in Washington, DC, the initiative can easily expand as new businesses move into and grow in the space.
“Alex and Andy have been working with me at Startup America for well over a year, helping to launch Startup regions around the country, so I was confident that they could deliver a structure that worked for 1776 and the companies that we work with,“ said Donna Harris, who is leaving her position as Managing Director of the Startup America Partnership to co-head 1776. “This is a great location for 1776 in the center of Washington, steps from the White House, where startups seeking to tackle big national challenges will be able to connect with the region’s significant wealth, expertise, and extraordinary advocacy community.”
“It is gratifying to work with 1776 and create the first-of-its-kind space for entrepreneurs in the nation’s capital,” said Andy O’Brien, Jones Lang LaSalle. “From a spot at a conference table to a small office to startup school, this space will have it all and will be flexible enough to accommodate the evolving needs of new businesses.”
The launch of 1776 comes in tandem with Startup America Partnership’s second anniversary on Thursday, January 31st.
Senior Vice Presidents Evan Behr and Doug Mueller of JLL represented Clark Enterprises, Inc. the building owner. A LEED Gold EB-OM building, 1133 15th Street will soon include a brand new tenant-only conference center and gym on the first floor.
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1776 is a major initiative focused on helping entrepreneurs seeking to solve the country’s biggest problems. Located just blocks from the White House, 1776 will convene and accelerate startups from around the world by connecting them to the political, intellectual, social and financial capital that make Washington, DC unique. Visit www.1776dc.com for additional information.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.joneslanglasalle.com.
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