The five-year deal for the additional space is valued at $4 million. It pushes the PPO's occupancy at the five-building campus to 88,000 sf.
Stephen L. Bay and Kevin Bender of Insignia/ESG advised Beech Street on the expansion and also represented the company its the lease negotiations. Trammell Crow represented the landlord, Washington, DC-based Riggs Bank.
Beech Street is the nation's largest privately held PPO. It operates both a health-care network and a workers' compensation provider network.
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