Commodity Commission Commits to 10 More Years

WASHINGTON, DC-The Commodity Futures Trading Commission–an independent agency created nearly three decades ago by Congress–has renewed its commitment to its home at 1155 21st St. by signing a new lease for the 162,000-sf office space. CFTC has used the space as its headquarters for the last eight years. Julien J. Studley Inc., in a partnership with local law firm Kilpatrick Stockton LLP, represented CFTC in the transaction.

“The building at 1155 21st St. is about 260,000 sf,” Julien J. Studley executive managing director David Lipson tells GlobeSt.com. “It’s a multi-tenanted building that was developed in the mid-80s.” While the financial terms of CFTC’s agreement are not being disclosed, Lipson tells GlobeSt.com that the agency extended its lease for a 10-year period. “CFTC is going to be moving around in the building,” Lipson continues. “There’s space available on the second floor and CFTC’s lease gives it an option to expand into the 10th floor.”