New Leases Bring Site to Full Occupancy

WASHINGTON, DC-Lease agreements totaling nearly 51,800 sf have brought 1620 L St. NW up to full occupancy. Located in the city’s central business district near the White House, the 155,000-sf office structure is owned by a joint venture partnership involving TIAA-CREF and Equity Office Properties Trust.

The largest lease transaction involved the renewal and expansion by Greenstein, DeLorme & Luchs LP which has called the 16-year-old building home for the last 15 years. Taking on an additional 10,750 sf, the law firm will now occupy a total of nearly 28,000 sf covering the entire top floor and part of the ninth floor. Greenstein DeLorme, which specializes in real estate transactions, represented itself and Equity Office’s Beau Pearce represented the property owners in this and the other transactions. Recently, space on the sixth and 12th floors of the 12-story tower had been marketed through Equity Office for $37 and $37.50 per sf, respectively.