WASHINGTON, DC-The federal government is taking 343,577 squarefeet of space through two separate recently inked deals, asreported in the Washington Business Journal. One is alease of 285, 434 square feet at 425 Eye St., NW, for theDepartment of Veterans Affairs headquarters operations,according to the Journal.

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The Veterans Affairs department will move in June 2011. Thelease has a 10-year term with termination rights after the seventhyear. Paramount Group owns the building.

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In a separate deal, the Journal reportedthat the Office of the Assistant Secretary for Preparedness andResponse, in the Health and Human Services Department, recentlysigned a 58,143-square-foot lease for a five-year term at PatriotsPlaza II, located at 375 Eye St., NW.

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Patriots Plaza II is a part of the $272-million, three-phase,one million-square-foot office complex owned by Multi-EmployerProperty Trust and developed and leased by Trammell Crow Co.Patriots Plaza I, a 280,001-square-foot class A office building,delivered in 2005 and is currently 100% leased to five USgovernment agencies. The 321,502-square-foot Patriots Plaza II wasconstructed alongside Patriots Plaza III and delivered in October2009.

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Both II and III were developed on spec, Tim Finan, managingdirector with TCC, told GlobeSt.com in an earlier interview. InNovember, the firm inked alease with the USDepartment of Agriculture for 330,000 square feet at the380,087-square-foot Patriots Plaza III. Asking rates are between$45 per square foot to $50 per square foot, he said.

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