WASHINGTON, DC—1200 Seventeenth St., NW, a170,000-square foot spec, trophy-class office building developed byAkridge and Mitsui FudosanAmerica has delivered – and with only 80,000-square feetleft available.
The two companies decided to build it on spec during it a time,it must be noted, that precious few developers were taking a chanceon spec office, even in the District.
It then inked a lease for 105,000 square feet in 2013 withPillsbury Winthrop Shaw Pittman, bringing thebuilding to 63% pre-leased at that point.
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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.
