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WASHINGTON, DC-Penzance is slowly building up occupancy at one of Washington’s most iconic complexes: the Watergate. The company acquired it at the end of last year from the mezz lender, amidst news that its anchor retail tenant, Safeway, would be leaving. Since then leasing at the complex has been relatively quiet, Matt Pacinelli, Penzance SVP of Leasing, tells GlobeSt.com, with tenants sitting back in wait-and-see mode to observe the new owner.

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