X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The Atlantic Building–a 290,000-sf premier-office building to get under way in January courtesy of CarrAmerica Realty Corp. and Douglas Development Corp.–has reeled in its first big pre-lease agreement. Renowned US law firm Alston & Bird LLP has committed to nearly 120,000 sf of office space in the complex.

“The firm is playing a pivotal role in bringing this exciting project to fruition,” says CarrAmerica’s John Donovan. Cushman & Wakefield represented the tenant, which will relocate from offices at 601 Pennsylvania Ave., while Carr Real Estate Services Inc. stood in for the ownership. Terms of the firm’s lease agreement have not been disclosed, but CarrAmerica is marketing office space in the class A building at 950 F St. for as much as $44 per sf.

Situated on a prime corner lot in the historic F Street corridor, the Atlantic was originally developed in the Romanesque Revival style in 1887 by District architect James Green Hill. Upon completion of this redevelopment endeavor, the office complex will consist of the original Atlantic structure, three restored historic townhouses and a newly developed high-rise building. In addition to the office space, the property will feature about 30,000 sf of retail space, and four levels of below-grade space. Construction activity is expected to reach completion in 2006.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.