Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-Jones Day will be lease 150,000 sf of the 255,000-sf 10-story office building now under construction at 300 New Jersey Ave. Developer Chevy Chase, MD-based JBG Cos. explains that the project would not have gotten underway without Jones Day’s cooperation, even though the firm is not a partner in the development.

The site which consists of an entire city block is bordered by two buildings and a parking garage used by Jones Day, which has its offices in the adjacent building at 51 Louisiana Ave., a five-story, 205,000-sf office building. “To demolish the parking garage and build on this site we needed their cooperation,” Brian Fitzgerald, managing director of leasing tells GlobeSt.com. He says Jones Day decided to move to the building in part because its space needs had outgrown the existing address.

There is roughly 105,000 sf–or the top four floors–available in the spec office project. Fitzgerald says rental rates have not yet been set because the building won’t be delivered until 2009.

Located across Louisiana Avenue from the US Capitol and bordered by New Jersey Avenue, First, C and D streets NW, the office building will be joined to 51 Louisiana by a glass-and-steel, nine-story atrium. It has been designed by Lord Richard Rogers and his firm, London-based Richard Rogers Partnership– its first endeavor in Washington, DC and the third in the US. Late last year the company was selected to design 175 Greenwich St., 3 World Trade Center in downtown Manhattan. The total development costs for 300 New Jersey Ave. building are $168 million.

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?



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
Live Chat

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