WASHINGTON, DC—Law firm Bonner Kiernan Trebach & Crociata LLP secured a 25,000-square foot, early lease restructuring at 1233 20th St., NW, an East End building owned by The JBG Cos.
Cresa's Mindy Saffer and Jon Olmstead represented BKTC in the negotiations.
Part of the deal includes a complete renovation of the public areas of the space, Olmstead tells GlobeSt.com.
Cresa secured a cash concession from the landlord for the upgrades, a routine transaction in such deals.
Olmstead says the law firm is right-sizing its space with the renovation.
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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.
