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Energy Organization Signs 18,000-SF Lease

WASHINGTON, DC-The Alliance to Save Energy signs a 10-year lease for 18,000 sf in the 238,500-sf building at 1850 M St. NW. The firm is relocating from its current 13,000-sf headquarters.

By Barbra Murray | Updated on January 25, 2006

WASHINGTON, DC-The Alliance to Save Energy has signed a 10-year lease for nearly 18,000 sf of space at the class A 1850 M St. NW. Located in the city’s central business district, 1850 M St. is a 12-story structure that was developed two decades ago.

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.

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