Lafayette Tower. Picture courtesy of Stream Realty Companions
Legislation agency Fried Frank has renewed its lease at Washington, D.C.’s Lafayette Tower, extending its presence on the property by 2037. The agency is the first tenant of the 325,000-square-foot constructing, occupying practically 103,000 sq. ft on the fifth by eighth flooring. Stream Realty Companions represented the owner, an affiliate of Morgan Stanley Actual Property Advisor, whereas CBRE assisted the tenant.
Lafayette Tower opened in 2010 at 801 seventeenth St. NW, being one in every of solely two LEED Platinum-certified workplace buildings within the U.S. on the time. Fried Frank was amongst its authentic tenants.
The 11-story constructing is at the moment present process renovations, with Stream’s Washington workplace working with the property proprietor to replace facilities, together with the health heart and the rooftop. New options will embrace an indoor lounge and occasion area, bar space and catering kitchen.
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The property is 90 % leased, with various speculative suites starting from 3,900 to eight,000 sq. ft at the moment out there. Its tenant roster consists of Promontory Monetary Group and ICANN, amongst others, in line with CommercialEdge data.
Centrally positioned in Washington’s CBD, Lafayette Tower is simply north of Lafayette Sq. and The White Home. The property is lower than 1 mile south of an workplace improvement that will probably be, when full, the primary SmartScore-certified constructing in North America.
The Stream Realty Companions group comprised Government Managing Director & Accomplice Kyle Luby along with Managing Administrators Matt Pacinelli and Andy Eichberg. CBRE Vice Chairman Craig Reicher, Government Vice President Chau Leung, First Vice President Mark Minich Jr., Vice Chairman Tim Dempsey, Government Vice President Ramneek Rickhy and Chairman Stephen Siegel represented Fried Frank.
