WASHINGTON, DC–The Atlanta-based Columbia Property Trust has secured a 15-year, 68,673-square foot lease with WeWork at 80 M St., the 285,000-square-foot office building it owns at the Capitol Riverfront. The WeWork transaction is one of three leases the company has signed this year, for a total of more than 100,000 square feet at the building.

The other two leases are the renewal of Gryphon Technologies' 24,224-square-foot headquarters and a new lease with defense services provider General Dynamics Information Technology for 14,990-square feet.

The building is more than 85% leased now — a nice milestone for Columbia Property Trust, which had to fill more than 100,000 square feet left vacant by BAE Systems a few months ago.

Still, there is another 15% left to lease and Columbia Property is hoping that a renovation that is reminiscent of WeWork's aesthetics might bring additional tenants. It is planning a $3 million renovation for new entrance, outdoor terrace and lounge for tenants.

The renovation will complement WeWork's design aesthetic — meaning an open, collaborative tenant lounge that encourages socializing. WeWork is also getting its own entrance in the lobby. The co-working office will open in the third quarter of 2017.

Instant Insights /

Columbia Property Tries WeWork-like Aesthetics to Entice Tenants to 80 M St.

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