Fried Frank opted to move instead of renewing its current buildingbecause it wanted more efficient, and greener, space, Alan Kaden,co-managing partner at Fried Frank, tells GlobeSt.com. As one of thefew Platinum LEED certified buildings in the greater Washington area,Lafayette Tower certainly fills that requirement.
The space in the building is also more efficient, Marr tells GlobeSt.com. "They aretaking less square footage per attorney in the new building." Terms were notdisclosed, but asking rates for Lafayette Tower range between $50 persquare foot to the $60s, net of expenses, he says. The firm will beoccupying the first four floors and possibly a portion of the fifth,according to Kaden, as well as the concourse area.
Louis Dreyfus received its Platinum Level certification from the USGBClast summer, several months after it delivered the building. The 11-story, 237,000-square-foot office used to house the FDIC and before that, the RTC. The company eventually opted to tear down and completely rebuild the structure because the building specs forthe original 1970s-era asset would not meet Louis Dreyfus's goalsfor green design. It was the first building to be certified PlatinumCore & Shell in the District.
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