Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC- Law firm Collier Shannon Scott, a 14-year tenant at Washington Harbour, has gotten ahead of the game by signing an early renewal of its lease on approximately 117,000 sf at the 537,000-sf office complex in Georgetown. Specifics of the long-term agreement have not been revealed, but the current asking rate for class A office properties in the Georgetown submarket is $35 per-sf, according to Advantis Real Estate Services Co.’s First Quarter 2004 Office Report. The deal marks the year’s largest office lease transaction in the Washington, DC market as of yet.

Situated at 3050 K St. along the Potomac River, Washington Harbour consists of two mid-rise structures featuring class A office space, as well as 76,000 sf of retail space, and a two-level underground parking facility to accommodate as 540 vehicles. With the assistance of real estate services firm Jones Lang LaSalle, Washington Harbour owner Broadway Partners secured the Collier Shannon’s lease renewal, and that of other complex occupants, as part of its strategy to increase tenant retention at the five-acre property.

“This transaction is indicative of our approach as a landlord to proactively work with our customers to address their current and long term needs,” says Broadway Real Estate CEO Scott Lawlor. Collier Shannon relied on Carr America and Monument Realty for representation in the transaction.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.