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WASHINGTON, DC-After having pre-leased space in Terrell Place, the new 477,000-sf office and retail development across from the MCI Center, law firm Venable LLP has finally been able to move into its new 240,000-sf digs within the office portion of the property. Phillip Thomas of project developer CarrAmerica Inc. tells GlobeSt.com that the current asking rent for office space at Terrell Place ranges from $31 to $42 per sf. “With Venable moved in, we’re right at about 50% occupancy,” Thomas adds.

Located on a corner in the East End area at 575 Seventh St., Terrell Place is a unique property featuring three linked buildings including the former Hecht’s department store, a new nine-story structure and a new 11-story structure. Venable’s space encompasses a litigation support facility, case-management space connected to a central file facility on the concourse level, conference rooms and a cafeteria on the top floor, not to mention a rooftop terrace and bocce ball court.

“Terrell Place has a special standing in Washington’s civic and commercial history,” says William D. Coston, partner-in-charge of Venable’s Washington, DC office. “We think it will be an excellent home and an effective location for us to continue serving both the Washington community as well as our clients nationally.”

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