WASHINGTON, DC-Studley is in talk with twoteams of brokers that, if it all works out, will add sixnew employees to its local roster, Studley Executive VicePresident and Co-Regional Manager David Lipsontells GlobeSt.com. It is the latest sign of the tenant rep’s steadygrowth, he adds. “2011 was a record year for the company andregion. We expect to do at least as well locally and nationally in2012.” He declined to offer specific financial metrics, notingStudley is privately held.
Its growing employee base, though, is obvious indicator. SinceJanuary, the company has added 14 brokerage professionals to its DCregional office roster, for a 34% increase in itsoverall headcount this year. To accommodate these people, thecompany took space in an adjacent suite, for an additional 3,000square feet at its local office at 555 13th St.,NW. This was the office’s fourth office expansion in sevenyears and brings the firm’s total square footage in the building to16,000 square feet.
The company has some term remaining on its lease, Lipsonsays—which is why it didn’t do what so many of its clients aredoing now, namely reevaluating space needs on a strategic level.“We didn’t have the opportunity to do that with this transaction,but we are looking forward to it,” he says.
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