JLL Named Exclusive Leasing Agent at 50 F
Common area renovations also planned for Capitol Hill office building
Washington, DC April 4, 2019 - JLL announces today it has been retained by Penzance to lease Capitol Place III at 50 F Street, NW adjacent to the United States Capitol Building. Approximately 60,000 square feet will be available for lease including 16,150 square feet on the top floor.
“We’re honored to have been selected for the assignment,” stated Seth Benhard, Managing Director, JLL. “We are excited to re-introduce 50 F Street to the market and unveil Penzance’s plans for the building. The proximity to the Hill, views of Union Station, and abundant natural light make 50 F Street one of the best value opportunities in the Capitol Hill submarket.”
Located at the doorstep of Capitol Hill, 50 F Street, NW includes approximately 213,000 square feet across 12 stories. The building is within walking distance to Capitol Hill and abundant retail at The Shops at Union Station. Penzance is slated to begin renovations in the second half of 2019 that will be slated to deliver in early 2020.
50 F Street, NW is easily accessed by Red Line, Amtrak and MARC riders from nearby Union Station and Judiciary Square Metro Stations. It is also convenient to commuters using Interstate 66, Route 50, GW Parkway, Whitehurst Freeway, and Rock Creek Parkway.
JLL’s Seth Benhard, Tom Golsen, Julia Scott and Colleen Hollowood will spearhead the next phase of leasing at the building. For more leasing information, visit www.jll.us.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
Penzance is an innovative real estate investment company with unmatched expertise in the Washington, DC-area market as an investor, operator, and developer. Penzance is committed to creating exceptional results for their investors, real estate partners, and community. The Company currently manages approximately 1.7 million square feet of office and has ownership interests in approximately 1,900 residential units.