CRA's five-year lease commitment with property owner Equity Fund LLC paves the way for the terrorism prevention and response planning firm's December relocation from its current Alexandria office at 625 N. Washington St. The firm occupies space that is of similar size in that site.
CRA relied on Sandy Weiss of Cresa Partners Washington, DC for representation, while Equity Fund was represented by Transwestern Commercial Services' Ken Marks and Josh Masi, as well as property manager Gates Hudson & Associates. CRA'S move, Weiss tells GlobeSt.com, was prompted by the upcoming expiration of its lease on Washington St., and by the firm's desire for a "good economic deal." Financial specifics of the transaction have not been disclosed. Transwestern, however, markets space in the 14-story tower, which is now 84% occupied, for $26 per sf.
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