East End DC Spec Building Inks 91,000-SF Lease

WASHINGTON, DC-700 Sixth St., a 300,000-sf building under construction in the East End by Akridge and Mitsui Fudosan America, the US subsidiary of Mitsui Fudosan Co. , has inked a 91,000-sf lease at a 15-year term with Cadwalader, Wickersham & Taft LLP. It is the first major tenant to sign on at the class A building.

Asking rates for the $150-million building, according to Brian Connolly, SVP of Akridge, range between $44 per sf to $48 per sf, triple net, depending on which floor the tenant will be located. “That is pretty much at what all the new class A buildings are being marketed,” he tells GlobeSt.com.

Designed by architect Bill Hellmuth of HOK, the 12-story building will have an open floor plan to allow for flexible space planning. It also is being designed to Silver LEED standards, Connolly says, and the company is still considering the possibility of trying for Gold certification. Silver certification, he says, has become expected in DC’s corporate tenant community, especially in East End where law firms, government agencies and associations are the main renters.