acquired

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Verizon, which was the sole tenant in the 380,195-sf, 11-storyoffice building, vacated the space early, in November 2007. The newowners launched an $8-million to $10-million rehab project, whichis close to completion. MRP did not return a call from GlobeSt.comin time for publication.

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Advertising firm Arnold Worldwide leased 28,352 sf on the firstand second floors of the building in what will be a two-storyloft-style office. Rand Construction will build out the space.Fitness First, leased 19,049 sf on the lower level for its healthclub, which will have its own separate entrance.

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In an earlier interview with GlobeSt.com, Zach Wade saidVerizon's early departure from the building would not pose too muchof a challenge as availability of large blocks of space in the DCarea is limited. He also said that asking rates for the buildingwill range from the high 30s per sf to the low 40s per sf. Therenovation included a rehab of the lobbies, elevators, commonareas, restrooms and plaza.

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