Baker & Daniels was represented by Gary Stein and NicoleMiller of Studley. The CB Richard Ellis team of Randy Harrell,Kevin Howard and Nathan Beach represented the building owners, ajoint venture of the Lenkin Co. and the Tower Cos. Asking rates forthe building are in the mid to high $40s, triple net.

[IMGCAP(2)]Stein tells GlobeSt.com that the law firm is movingfrom 805 15th St. as part of an expansion. "It currently leases25,000 sf there." According to Stein, the firm had many optionsfrom which to select, but liked the Gold LEED certification thebuilding expects to receive as well as the detail the owners areincorporating into the design. That, plus the timing of thedelivery "made this the right choice for the firm."

Other tenants have signed onto space there as well. Knoll, afurniture manufacturer that specializes in LEED furniture will beleasing 11,980 sf, according to Harrell. There are also twoadditional leases pending at 13,200 sf each, he tells GlobeSt.com."We will continue to carefully pick our tenants," he adds. "We careabout who they are and what they stand for as much as we doeverything else."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.