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News release

WASHINGTON, DC

Douglas Development’s Wonder Bread Building 100 Percent Leased as iStrategyLabs Takes Final 16,000 SF

JLL Hired to Unveil Douglas Development’s Uline Arena and Manhattan Laundry Buildings


WASHINGTON, September 2, 2014 – Douglas Development announced today that its Wonder Bread Factory property is 100 percent leased less than one year after completing construction.  iStrategyLabs, a digital agency that invents ways to engage communities online and off, is the most recent tenant taking 16,000 square feet and joining WeWork and Youth For Understanding.

Originally built in 1913, Douglas Development's newly redeveloped Wonder Bread Factory building is one of the most unique, class A loft-style environments in the city. The four-story, 81,000-square-foot property includes private terraces, underground parking, high ceilings, large glass windows, exposed brick and wood beam ceiling system, and an abundance of natural light.

“The Wonder Bread Factory is an ideal location for DC’s tenants who are focused on securing an office environment that provides its employees with memorable and culturally defining work space,” said Douglas Development Principal, Norman Jemal. “We are not surprised at the lease-up success and look forward to delivering our next signature buildings to market, Manhattan Laundry in early 2015 and Uline Arena in early 2016.”

The 175,000-square-foot Uline Arena is an office and retail re-development in the burgeoning NoMa neighborhood of Washington, D.C. The property which is set to deliver in early 2016 is DC’s first ever Trophy quality “loft-like, creative” office building, the foundation of which is the historic Arena, the Ice House building (historic), and two other commercial buildings. 

The Arena building is most famously known for the first public concert The Beatles played in the United States and was also home to famous performances by The Rolling Stones, Bob Dylan, The Temptations, the debut of Joe Louis’ pro wrestling and also Dwight Eisenhower’s presidential inauguration, among other historic events.  The building’s signature design features include ceiling heights between 13’ and 18’, wide column space no less than 38’ by 38’, large windows and all the amenities of a trophy building. 

The historic Manhattan Laundry re-development features three buildings with ideal space for office or retail in the heart of the U Street neighborhood.  Similar to the Wonder Bread Factory Building, Manhattan Laundry will provide tenants with loft-like ceiling heights, exposed brick and dramatic skylights coupled with the historic character.  Set to deliver in first half of 2015, the 81,453-square-foot building is just three blocks to the U Street Metro Station.

Evan Behr, Doug Mueller and Nathan Beach of Jones Lang LaSalle represented Douglas Development in the iStrategy lease transaction and will market Manhattan Laundry and Uline Arena for Douglas Development.

About Douglas Development Corporation
Douglas Development Corporation is the largest private property owner in the Washington, DC region and offers a fully integrated real estate company featuring a portfolio of commercial office, retail and residential mixed used properties. The company has completed more than 180 successful redevelopment projects and is a leading force in the revitalization of the District of Columbia. Currently, Douglas Development owns and manages more than 8 million square feet of real estate and has more than 4 million square feet of developable property in the pipeline. Founded by Douglas Jemal in 1985, the company has a passion to preserve and redevelop historic buildings including iconic properties like the Woodward & Lothrop flagship building and Chinatown’s historic row across from the Verizon Center.  For more information about the company, please visit www.douglasdevelopment.com or follow @douglasdevdc on Twitter and Like Douglas Development Corporation on Facebook.

About JLL
JLL (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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​