The company is moving in order to meet the qualifications for venture capital funding by DC Capco, which stipulates that funding recipients have a District-based headquarters. Betsy Schuman of CB Richard Ellis represented CreateHope, while Randy Harrell and Ben Adams of Grubb & Ellis repped the property owner. Terms of the lease have not been disclosed; however, space at the property is marketed in the mid $20-per-sf range.
Located in the predominantly residential Glover Park neighborhood just north of Georgetown, 2201 Wisconsin Ave. was developed in 1981. The property is also home to St. John's Community Services, meeting planning services firm Meeting Solutions and the Paragon Title & Escrow Co. With CreateHope's lease, the building is now 93% occupied.
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