"We have roughly 300,000 square feet of proposals issued to ahandful of groups right now, ranging from other law firms toassociations and lobbyists. "With approximately 200,000 square feetof space still available in the building, there is more interest inthe building than space, he points out--with two or three of theproposals very serious prospects. By the end of the summer, Tomassopredicts, Akridge will likely announce a new tenant or tenants forits building.

As one of the first Platinum designed buildings in the city--andone of the largest green roofs--700 Sixth's green credentials areplaying a large role in the attention the building is drawing,Tomasso says. Green development is important to the target userbase, which tends to have a national footprint, he adds. USGBC ishoped to certify the building sometime in the Fall. Asking ratesfor 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 PropertyGroup's Lafayette Tower at 801 17th St., which just receivedPlatinum certification from USGBC. So far, it is about 12% to 15%leased with three tenants.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information 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.