"We have roughly 300,000 square feet of proposals issued to a handful of groups right now, ranging from other law firms to associations and lobbyists. "With approximately 200,000 square feet of space still available in the building, there is more interest in the building than space, he points out--with two or three of the proposals very serious prospects. By the end of the summer, Tomasso predicts, Akridge will likely announce a new tenant or tenants for its building.
As one of the first Platinum designed buildings in the city--and one of the largest green roofs--700 Sixth's green credentials are playing a large role in the attention the building is drawing, Tomasso says. Green development is important to the target user base, which tends to have a national footprint, he adds. USGBC is hoped to certify the building sometime in the Fall. Asking rates for the building range from $46.50 triple net per square foot to $38 per square foot, depending on the floor.
Other Platinum buildings in DC include Louis Dreyfus Property Group's Lafayette Tower at 801 17th St., which just received Platinum certification from USGBC. So far, it is about 12% to 15% leased with three tenants.
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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.
