Bates White's director of corporate services Adrienne Gardner indicates that "rapid growth" is the motivation behind the move. Kevin Howard of Grubb & Ellis Co. represented the tenant, while Jones Lang LaSalle represented property owner TIAA-CREF. Further details of the transaction have not been disclosed. JLL currently markets space in the building for $37.50 triple net.

Franklin Square was developed 16 years ago about five blocks from the White House. The 12-story structure, designed by celebrated architects Philip Johnson and John Burgee, features a three-story parking facility, as well as about 28,400 gross sf of ground-level retail containing such offerings as a fitness center, restaurant and coffee bar. Other tenants include law firm Finnegan, Henderson, Farabow, Garrett & Dunner and Paine Webber Inc.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Leasing
Office
Washington, DC