Gary Stein and Nicole Miller of real estate services firm Studley represented the Alliance, while property owner Manulife relied on internal representation provided by Bill Flax. Financial terms of the lease have not been disclosed. However, Studley officials describe the agreement as one that provided a "competitive rental rate," as well as allowances for build-out and other concessions.
The Alliance's lease of space on the sixth floor paves the way for the organization's relocation from its current 13,000-sf space at 1200 18th St. NW. Additionally, the move will allow the Alliance to create offices that qualify for the US Green Building's LEED certification, and to inhabit a class A property.
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