As a result, Aaxis will be able to relocate its corporate headquarters from 1405 Rhode Island Ave. NW and consolidate the head office with its other local office under one roof. The deal also secures space for future expansion and leaves the company with three times the space provided by both locales. Mark Sullivan of Cassidy & Pinkard represented Aaxis, which has tapped the real estate services firm's Adrian Conforti to oversee project management for the construction of the new headquarters space. Property owner Columbia Realty Venture was represented by Bernstein Management Corp.'s Austin Herndon.

While often considered a single entity, Georgetown Place actually consists of two linked low-rise structures--one of approximately 21,000 sf and the other with 90,000 sf--carrying the addresses of 1101 and 1115 30th St. The class A office is off the C&O Canal towpath and adjacent to the Four Seasons Hotel. Further information on the specifics of Aaxis' lease is not available; but, according to commercial real estate data source Black's Guide, space at the property goes for about $35 per sf.