Leasing momentum continues within LaSalle DC portfolio
Approximately 70,000 square feet of office leases signed during lockdown signals positive signs for DC office market
WASHINGTON, DC, September 8, 2020 - JLL today announced three new leases signed since the onset of COVID-19 at two LaSalle Investment Management-owned office buildings in Washington, DC, signaling positive momentum in the district’s office market. Quorum signed for approximately 34,000 square feet and Global Giving signed for more than 16,000 square feet at One Thomas Circle. Law firm Fox Rothschild is slated to occupy approximately 19,000 square feet at 2020 K Street, NW.
“Considering the current market conditions, it is reassuring to see this leasing activity in our portfolio,” remarked Brett Bowman, LaSalle. “This activity reinforces our strategic investment in core real estate in one of the most resilient markets in the country: Washington, DC.”
LaSalle’s investments at both One Thomas Circle and 2020 K Street will provide the three new tenants with brand new amenity spaces like the lobby and fitness centers, with premier finishes at each property. “These leases further demonstrate that the office isn’t going anywhere and owners who have doubled down on creating unique, exciting workspaces will continue to see deals done,” noted Doug Mueller, Executive Managing Director, JLL.
JLL’s Doug Mueller, Evan Behr, Kristen Mathis and Thomas Myers represented LaSalle in the transactions. JLL’s Andy O’Brien and Zach Boroson represented Quorum and Savills’ Ben Plaisted and Greg Scheipers represented Global Giving at One Thomas Circle while Cushman & Wakefield’s Mark Richardson represented Fox Rothschild at 2020 K Street. There is currently still space available on the 5th, 8th and 9th floors at One Thomas Circle and four spec suites, ranging from 2,400 – 6,400 square feet at 2020 K Street.
For more information about JLL’s DC Agency Leasing opportunities, 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.