Jones Lang LaSalle, which arranged the constructionfinancing for the project, is also handling the leasing.Plans call for ACS to occupy all of the 10th floor and itsaffiliates to occupy a portion of the third floor, John Doub,national director with JLL, tells GlobeSt.com.

The firm has letters of intent on some 15,000 sf, leaving about115,000-sf of rentable space. Asking rates start in the high $30sper sf and go to the mid-to-upper $40s per sf, triple net. Buildingdelivery is scheduled for Q1 2010, with some tenants able to dointerior build out towards the end of 2009.

"We will be targeting other associations, non profits,corporations, government affairs offices and contractors aspossible tenants," he says. 20 F St. will be one of the few officeswith space available in Capitol Hill.The building's meeting facilities will be another lure forprospective tenants Doub says. There will be a 6,000-sf conferencecenter plus warming kitchen on the first floor--making it ideal forcatered events--as well as two boardrooms. There is also aroof-deck, complete with restroom facilities, which can be accessedby two elevators. "When ACS had the concept for the building theyenvisioned a place that would attract speakers from around theworld," Doub says.

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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.