Pat Marr and Art Santry of CB Richard Ellis represented Katten Muchin Rosenman. Bob Schwartz of Jones Lang LaSalle represented the building's owner, Armada/Hoffler. Asking rates for the 130,000-sf building are $42 per sf net. The law firm took the second, third and a big part of the fourth floor, Santry tells GlobeSt.com, thus expanding from its current space use by more than a third.
A small and exclusive submarket, Georgetown sees few buildings deliver. This particular building was the first Georgetown office building to come to market in 20 years, according to CBRE. It is a two-building office and residential complex connected by an underground parking structure. Katten Muchin Rosenman will occupy space in the seven-story North Building, known as Harbourside, which delivered in summer 2007. The South Building, a 72,000-sf, five-story structure, opened in fall 2006 and is home to the Swedish Embassy.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
