1401 Massachusetts Avenue breaks ground
Move to build speculative office building demonstrates confidence in resiliency of DC market
WASHINGTON, DC, August 10, 2020 - JLL announces today the groundbreaking of 1401 Massachusetts Avenue at Thomas Circle. Once completed, the Class A property will feature 52,000 square feet of office space. JLL’s Doug Mueller, Evan Behr and Mac Hall will lead the office leasing initiatives for building owner, Akelius.
“By building ready-to-use office space, our goal is to provide accessible options for tenants who are ready to jump in and get right to work,” stated Dan McCarron, Asset Manager, Akelius. “We know the JLL team has a strong handle on market dynamics and feel confident we are going to see a really interesting mix signing on at 1401 Mass – including ourselves as we will be one of the building tenants.”
Slated to deliver in the second quarter of 2021, 1401 Mass will offer modern design in common areas like the lobby while preserving the character of the building’s historic landmark exterior. The property will also feature unique details that bring the outside in, with a rooftop conference space and deck, an outdoor courtyard and six-foot operable windows on three sides of every floor. In addition, 14-foot ceiling heights will add to an airier, more contemporary vibe and a 4,000 square foot fitness center will place an emphasis on the mind and body. Targeting LEED Platinum and WELL Silver Certification, Akelius has also made investments in touchless access points, state-of-the-art HVAC and the opportunity for outside air flow.
“The DC office market is one of the most resilient in the country,” said Doug Mueller, Executive Managing Director, JLL. “1401 Mass is an unmatched location and the renovations and investments that Akelius is making here by not only melding old and new, but also leaning into the importance of environmental psychology for the benefit of the employee are truly next level.”
For more information about 1401 Massachusetts, visit https://www.us.jll.com/en/locations/mid-atlantic.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Akelius is a Swedish based real estate firm with 45,000 apartments in Canada, Denmark, England, France, Germany, Sweden and United States. We offer our concept of Better Living by improving apartments, common areas, gardens and entrances that fit with a contemporary lifestyle. Akelius owns and manages residential properties in New York City, Boston and Washington D.C.