Its new lease, negotiated by Studley, also gives the firm firstrights to 86,000 sf in the building as it becomes available.Studley's Laurent Myers, Adam Singer, Demetri Koutrouvelis and RyanNunes represented RTKL. Randy Lennon, Brendan Owen and MathewGannon represented Vornado/Charles E. Smith in house.
The asking rate for the building was $37.50 per sf triple net,or $55 per sf, full service when Studley began negotiating thelease, Myers tells GlobeSt.com. The deal closed earlier this month.RTKL will be pursuing the highest rating it can achieve under LEEDCI, he adds.
2101 L St. has just been redeveloped with a new exterior facade,a new lobby, new building systems, new interior spaces and a newretail streetscape. RTKL will have 300 employees occupying thesecond and third floors. This new lease brings the building almostto full occupancy, Myers says, except for a few pockets of space onsome of the floors. Other tenants in the building are GreenbergTraurig, the US Green Building Council and the American InsuranceAssociation.
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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.
