Its new lease, negotiated by Studley, also gives the firm first rights to 86,000 sf in the building as it becomes available. Studley's Laurent Myers, Adam Singer, Demetri Koutrouvelis and Ryan Nunes represented RTKL. Randy Lennon, Brendan Owen and Mathew Gannon 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 the lease, Myers tells GlobeSt.com. The deal closed earlier this month. RTKL will be pursuing the highest rating it can achieve under LEED CI, 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 new retail streetscape. RTKL will have 300 employees occupying the second and third floors. This new lease brings the building almost to full occupancy, Myers says, except for a few pockets of space on some of the floors. Other tenants in the building are Greenberg Traurig, the US Green Building Council and the American Insurance Association.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation 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.
