WASHINGTON, DC—Akridge has signed a lease with Albright Stonebridge Group to occupy 32,000-square feet in The Homer Building, which is majority owned by Mitsui Fudosan America.
Albright Stonebridge will occupy the 10th floor of the building for 11 years. The building, located at 601 13th St., NW, is now 80% leased following a number of transactions for the last 90 days that totaled more than 75,000 square feet of leased space.
The Albright Stonebridge Group lease is, in fact, the fifth lease inked during the time period. Other deals include a new lease with ITC Holdings, renewals with Brown Rudnick LLP and Banana Republic, and a new lease with a confidential client. In the case of Albright Stonebridge, "the ownership negotiated aggressively to bring [it] to The Homer Building for all the right reasons," says Brian Connolly, EVP of Akridge.
Gene Kenney and Michael Katcher of Cushman & Wakefield represented the Albright Stonebridge Group. Wil Pace and Greg Tomasso of Akridge represented Mitsui Fudosan America.
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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.
