Owner Charles E. Smith Cos. of Arlington began work on a complete renovation of the property into a class A building after the Federal Communications Commission moved out. Work on the 275,000-sf building is expected to be finished in the third quarter. Rents are in the $40 per sf range.
Insignia/ESG represented the tenant; Smith spoke for itself.
The former FCC headquarters wasn't the first place that Conservation International expected to lease. It had been negotiating at 4501 Connecticut Ave. NW but the funding fell through, says Mark Teitelbaum, an Insignia broker that represented the tenant.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
