Firm Renews 117,000 SF at Washington Harbour

WASHINGTON, DC- Law firm Collier Shannon Scott, a 14-year tenant at Washington Harbour, has gotten ahead of the game by signing an early renewal of its lease on approximately 117,000 sf at the 537,000-sf office complex in Georgetown. Specifics of the long-term agreement have not been revealed, but the current asking rate for class A office properties in the Georgetown submarket is $35 per-sf, according to Advantis Real Estate Services Co.’s First Quarter 2004 Office Report. The deal marks the year’s largest office lease transaction in the Washington, DC market as of yet.

Situated at 3050 K St. along the Potomac River, Washington Harbour consists of two mid-rise structures featuring class A office space, as well as 76,000 sf of retail space, and a two-level underground parking facility to accommodate as 540 vehicles. With the assistance of real estate services firm Jones Lang LaSalle, Washington Harbour owner Broadway Partners secured the Collier Shannon’s lease renewal, and that of other complex occupants, as part of its strategy to increase tenant retention at the five-acre property.