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Publisher Expands by 19,500 SF

WASHINGTON, DC-Hanley Wood LLC expands its occupancy from 49,000 sf to 68,500 sf in the 227,000-sf office structure at One Thomas Circle. The deal takes advantage of a special clause in its lease that allows the publishing company to expand within the building or look elsewhere without penalty.

By Barbra Murray | Updated on April 11, 2006

WASHINGTON, DC-Taking advantage of a lease option, Hanley Wood LLC has increased its occupancy at One Thomas Circle, NW from 49,000 sf to 68,500 sf. When Hanley Wood renewed its lease at the 227,000-sf office building with owner One Thomas Circle Investment five months ago, the publishing company incorporated a clause that allowed it to expand in the building. The arrangement also allowed for them to look elsewhere for a larger space without being penalized for breaking the lease.

Studley’s Steve London and Scott Hoffman represented Hanley Wood. CB Richard Ellis represented the property owner. The publisher’s expansion, which will take place in September, makes it the largest tenant at One Thomas Circle.

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