Real estate data source Black's Guide lists Heyman as the previous leasing contact. On its website Spaulding & Slye lists the going rate for the available 118,000 sf as "negotiable." According to the most recent quarterly report published by real estate services firm Cushman & Wakefield, the average rate for class A space in the city's Southwest area is $49.70 per sf, while the average rate for all classes is $47.28.

Physically linked to the L'Enfant Plaza Metro Station south of the National Mall, the eight-story tall 950 L'Enfant Plaza was developed in 1967. "It is situated within blocks of numerous government agency headquarters and is ideal for government contractors seeking space in close proximity to those headquarters," Howell says. The property, which Heyman bought on behalf of L'Enfant Colony four years ago for $55 million, has long been home to Federal Government offices including the local office of Sandia National Laboratories.

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

© 2024 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.