Steve Lustgarten, Blake Real Estate executive vice president, represented Blake Real Estate in the transaction and the GSA represented itself. The deal pushes the building to 100% occupancy. Other tenants in the building include the US Secret Service and CACI, a government IT provider. The DoJ has leased space in other Blake buildings, according to a statement by Lustgarten. "We are very pleased to provide office space to the DOJ and maintain what has been a very positive affiliation," he says.
There have been a handful of large leases signed this quarter in the East End, which has a vacancy rate of 6.8%. DoJ signed a 460,000-sf lease at the Liberty Square Building at 450 Fifth St. as part of a consolidation program. Fulbright & Jaworski signed a five year lease for 109,000 sf at 801 Pennsylvania Ave. Also, Jenner & Block LLP has signed a 15- year lease for 86,000 sf at 1099 New York Ave., a building under construction that will be delivered in 2008.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
