CBRE Lands 515,000-SF Lease Mandate

WASHINGTON, DC-CB Richard Ellis has been awarded the leasing mandate for one of the largest District’s office buildings under development at the moment–and one of the few being developed on spec. Developers Louis Dreyfus Property Group and Fisher Bros broke ground on the 515,000-sf building in 2006. CBRE’s Bruce Pascal, Roberta Liss, Andrew Felber and Mark Klug are representing Louis Dreyfus Property Group.

Located in the Capital Hill submarket at 700 Second St. NE, the project is part an ambitious three-building site, totaling 1.6 million sf on 5.5-acres. The class A buildings will be 10-stories, designed to Silver LEED standards. Delivery is expected in the fall of 2009. Floor plates will be as large as 55,000 sf. The architect is Kevin Roche. Given the building’s finish and green bona fides, one potential use case is as a headquarters site, says Pascal.