WASHINGTON, DC—The Municipal Securities Rulemaking Board has signed a 15-year lease in the Franklin Square office building at 1300 I St. NW, for 38,869 square feet. The regulatory agency – MSRB is the organization responsible for regulating the municipal securities market – is moving from its current location at 1900 Duke St. in Alexandria, VA.
1300 I St. NW is owned by TIAA-CREF and was represented by Cassidy Turley.
Gary Stein, Ben Plaisted and Greg Scheipers of Savills Studley represented the agency for this deal and in identifying another location for the MSRB's data center. The agency wanted its office location to be in downtown DC next to other financial market regulators and close to Capitol Hill. It considered a number of options including the possibility of dividing space between two locations. The MSRB will move in 2016.
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