Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The 12-story 700 Sixth St., among the first wave of the city’s first Platinum designed office buildings, has just delivered. With much fanfare the 300,487-square-foot building began development with one third of it preleased by law firm Cadwalader, Wickersham and Taft. However despite a growing office oversupply coming through the DC pipeline, Akridge’s newest office building is posed to move to full occupancy, according to Greg Tomasso, vice president of leasing.

“We have roughly 300,000 square feet of proposals issued to a handful of groups right now, ranging from other law firms to associations and lobbyists. “With approximately 200,000 square feet of space still available in the building, there is more interest in the building than space, he points out–with two or three of the proposals very serious prospects. By the end of the summer, Tomasso predicts, Akridge will likely announce a new tenant or tenants for its building.

As one of the first Platinum designed buildings in the city–and one of the largest green roofs–700 Sixth’s green credentials are playing a large role in the attention the building is drawing, Tomasso says. Green development is important to the target user base, which tends to have a national footprint, he adds. USGBC is hoped to certify the building sometime in the Fall. Asking rates for the building range from $46.50 triple net per square foot to $38 per square foot, depending on the floor.

Other Platinum buildings in DC include Louis Dreyfus Property Group’s Lafayette Tower at 801 17th St., which just received Platinum certification from USGBC. So far, it is about 12% to 15% leased with three tenants.

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

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