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Firm to market redeveloped Elizabeth Taylor Medical Center and Belmont Garage at The Offices at 1701 as premier office opportunity along 14th Street
WASHINGTON, D.C., September 18, 2017 – JLL announces today the hiring of JLL Mid-Atlantic's Evan Behr and Doug Mueller as listing agents at The Offices at 1701 located at 1701 14th Street. The JLL team will be tasked with marketing the new mixed-use development as a premier office space opportunity. The property's ownership is a joint venture between Whitman-Walker Health and Fivesquares Development.
Situated on one of the last undeveloped corners in the trendy Logan Circle neighborhood, The Offices at 1701 will offer approximately 60,000 square feet of office space, 80 apartment units, ground floor retail and restaurants as well as underground parking. Committed to transforming cities and creating lasting value for its communities, Fivesquares Development is partnering with Whitman-Walker Health who is also known for its commitment to serving the needs of the community. Whitman-Walker Health will remain on-site to anchor the space, maintaining nearly 30,000 square feet of the office availability and operating a ground floor community space. This facility as well as the organization's three other locations will serve Greater Washington's residents with medical care, dental care, behavioral health, legal services, youth programming and other wellness and support services.
"In the heart of one of the most diverse and popular neighborhoods in the city, The Offices at 1701 offers a unique and exciting opportunity for an office user looking for one of the best corners of Washington," notes Doug Mueller, Managing Director at JLL.
Constructed in 1904, the historic structure at 1701 14th Street was dedicated as the Elizabeth Taylor Medical Center in 1993 in honor of the actress and AIDS activist Elizabeth Taylor. The owners selected New York-based Selldorf Architects to help preserve the historic and philanthropic aspects of the building while updating it for a modern office user.
"We wanted a team that knew the D.C. market and would help us find the right tenants right out of the gate. Doug, Evan and the JLL team not only know the nuances of the market, but also understand what kind of tenant would appreciate both the historic and locational value of our development," states Matt Harris, Director of Development at Fivesquares Development. Led by Andy Altman, former director of planning for the District of Columbia, Fivesquares specializes in partnership with non-profits to create lasting value and enhance communities by thoughtful design and sustainable development.
"We anticipate significant interest in this project by associations, government affairs, law firms and creative and tech tenants," states Mueller. "For those who want to secure a place in 14th Street's burgeoning development, The Offices at 1701 is that premier option."
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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