DC's Gold LEED Office Supply Grows

One example is 901 K St., a 260,797-square-foot, 12-story office at the intersection of 10th and K streets and Massachusetts Ave. Developed on spec by Carr Properties with a $104 million construction loan, it has just topped off with delivery scheduled for September 2009. The property is designed to meet Gold LEED standards. Jones Lang LaSalle's David Bevirt is representing the Carr Properties.

Another example of the Gold LEED trend is 1225 Connecticut Ave., which Brookfield Properties--the building owner--spent $32 million rehabilitating so it can receive Gold LEED certification. The World Bank recently signed a ten-year lease to occupy 227,000-square-feet in the building. The World Bank will occupy the building in late winter/early Spring 2010. Paul Schulman, Brookfield's regional executive for the DC region, spearheaded the lease negotiations for Brookfield along with Simon Carney and Eddie Trujillo. Zeke Dodson, Brian Daly and Laurie McMahon of Cassidy and Pinkard represented the World Bank Group.

Two other Gold LEED options for the near term in the District are 1101 New York Ave., and 20 M St., SE, a 190,000-square-foot office building developed by Lerner Enterprises. 1101 New York Ave., owned by Louis Dreyfus Property Group, received GOLD Core and Shell Construction certification for the building this summer.

Buildings designed to Gold LEED standards are also becoming more prevalent in the suburbs as well. There is, for instance, One Potomac Yard in Arlington, VA. Owned by a JP Morgan fund--and home to the Environmental Protection Agency--this is one of the few buildings in the DC area that has made the jump from Gold NC (New Construction) certification to Gold EB. Also the first Gold LEED office in Loudoun County, VA, has just delivered. Atlantic Corporate Park is a two-tower office development owned by DB RREEF Dulles Town Crossing, LLC, co-developed with H Street Ventures and JF McKinney & Assoc.