National Endowment for Democracy Secures 82K SF Penn Quarter Lease
The non-profit foundation will occupy two floors at 1201 Pennsylvania Ave. in 2021.
WASHINGTON DC – The National Endowment for Democracy, has signed an 82,000-square-foot lease at 1201 Pennsylvania Ave. in Washington DC’s Penn Quarter neighborhood. The private, non-profit foundation is set to move into the building in April 2021.
The foundation will occupy the 10th and 11th floors of the 13-story, 450,000-square-foot building, owned by Sentinel Real Estate Corp. The lease encompasses full-floor plates, featuring 10,000 square feet of column-free spacing on each floor, as well as private access to the property’s rooftop terrace.
1201 Pennsylvania Ave. features a recently transformed lobby and atrium, new elevator cabs and mechanical systems, a newly installed HVAC system, a state-of-the-art fitness center and a conference facility.
Doug Mueller, Evan Behr and Mac Hall of JLL represented the ownership in the transaction. Ben Plaisted and Greg Scheipers of Savills represented NED in the deal.
“After a competitive search across the city, we couldn’t be more thrilled to welcome NED to 1201 Pennsylvania,” stated Martin Cawley, Sentinel Real Estate Corp. managing director. “We recently completed significant investments in the building and we know as the foundation continues to grow, even amid a downturn, they will be able to do so right here at 1201 Penn.”
“We’re thrilled that a tenant of NED’s caliber selected 1201 Penn as their long-term home and believe that it reaffirms DC’s standing as a countercyclical winner!” said Mueller, JLL executive managing director.
Established in 1983, the National Endowment for Democracy works to grow and strengthen democratic institutions around the world by supporting non-governmental groups through grants, resources and activities.
