The new tenants are Activu Corp., Quantum Research, and Freedom Technologies. Activu Corp. signed a 2,800-square-foot lease on the 12th floor. It was represented by Frank Dillow of Long and Foster in the deal. Quantum Research inked a 7,400-square-foot lease on the 14th floor. Freedom Technologies will be leasing 3,300 square feet on the 12th floor, until 2011. Joan Sapienza and Wendy Feldman Block of Studley represented the firm. New Media Strategies signed a five-year lease for an additional 2,500 square feet on the 14th floor, adding to the 14,600 square feet it already occupies on the 9th and 14th floors. Tom McBride of Jones Lang LaSalle represented New Media. Monday Properties' John Wharton and Rob Bowman handled all of the transactions.

These leases are pure absorption for the company--as well as the submarket, Tim Helmig, Monday Properties' executive vice president and chief development officer, tells GlobeSt.com--meaning they are not subleases. The suites were already sized for small occupancy, he adds. "Typically we aren't leasing to small tenants except when we have suites of that size come on the market." Asking rates for the building are between $55 per square foot to $60 per square foot.

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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.