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June 2, 2010  

Congrats again to Cassidy Turley and owner Paramount for leasing the VA 285k SF at 425 Eye in the exciting new Mt. Vernon Triangle submarket of East End. And congrats to all potential users out there: At least another 70k SF remain for you in this impressive 7-story redevelopment.

The city wasn’t just 90 degrees yesterday (before the thunderstorm), but burning up with real estate news: the official opening of a marquis project in SW, and another big lease for NoMa.
In breaking news this afternoon, Bisnow has learned the DC Department of Health is expanding and renewing to 150k SF for the next 10 years at 899 North Capitol, a CIM-owned building that Akridge is dramatically renovating (together with its sister building at 999 North Capitol). The whole nine yards: newly designed and modernized entryways, lobbies, elevators and restrooms, enhanced security features, and a new fitness facility. Both buildings are LEED Silver. DOH will continue in the building as renovations are staggered until completion next year. 
Old Republic (#1) - mini
Congrats to Akridge’s Katie Burton, CIM’s Charlie Garner, and Akridge’s Ben Meisel, pictured here, together with Cushman & Wakefield’s Brian Sullivan and Peter Marcin. 450,000 SF are expected to be available in the two buildings following renovation (jointly known as Union Square). And double congrats to Charlie, just named to the NoMa board, wherein the property is situated; CIM also owns nearby 800 N. Capitol and 830 First.
Crystal City BID (Jun 12)


Also this morning, over two years after the project started moving, phase one of the Waterfront Station is complete, opening up 4th Street SW to traffic for the first time in nearly a half-century. We were on hand as Vornado/Charles E. Smith, Forest City Washington, and Bresler & Reiner unveiled the $340M, 630K SF revamped public areas, two office buildings, and street retail. Still to come: two more office buildings, two residential, underground parking, and more retail. Among those who made it happen, from left: Vornado’s Gordon Fraley, Forest City’s Debby Ratner Salzberg and David Smith, Vornado prez Mitchell Schear, Mellon Bank’s David Fowler, Carol Murray and Rick Laudisi, and Bresler & Reiner’s Charles Bresler.
U of MD (Colvin) - mini
The design team from Shalom Baranes Associates, led Shalom himself, second front left, who told us his intent was to create a town center to give the area a distinct identity. One way was to mix terra cotta features with a more modern glass and steel curtain wall on the residential building. Another was to give all the retailers unique spaces. The revamped Safeway (shown behind the group) is the anchor retailer, joined currently by Starbucks. Coming down the pipeline are a CVS, Subway, sit-down restaurant Station 4, and Z Burger. Nearly 90% of the phase one retail space is spoken for.
Building 2 is across 4th Street from Safeway and diagonal from the Waterfront/SEU Metro. Already, the two buildings have landed major tenants in DC’s Office of the CFO and Office of Consumer and Regulatory Affairs, which took 535k SF and brought over 1,600 employees.


Noted base-building company (and Bisnow sponsor) L.F. Jennings has solidified its Corporate Interiors Division by landing 28-year industry vet Jeff Black to lead it. We snapped Jeff with biz dev VP Mike Killelea at the firm’s Falls Church office where Jeff will continue to strengthen an interiors division that will give the firm a strategic advantage in landing work it may not always have secured in the past. “I’m going to be aggressively pushing our interiors expertise to all of our clients and developing new opportunities,” he tells us. Jeff has worked on both the contractor’s and owner’s side. That knowledge is especially important in an area as diverse as corporate interiors, which he describes as “anything inside the box.” Learn more about L.F. Jennings here.


We told you a couple months ago about Monument Realty’s Michael Darby’s vow to pony up 100 bucks to anyone who could beat him in a bike race. Well, the challengers came in droves and Michael has ridden with the idea: the inaugural Time Trial Bike Challenge is the newest JDRF Real Estate Games event. They’ve even established a committee for the 10-mile time trial event, including: Capitol Realty’s  Pam Frentzel-Beyme, Studios Architecture’s Jason DeChambeau, Lowe Enterprises’ Harmar Thompson, Michael, and Grubb & Ellis’ Jason Meidhof. The race (for novices or vets) take place on June 8 (next Tuesday) at 9 AM RFK Grand Prix Loop. Register here. In unrelated news, Lance Armstrong just joined CBRE as a tenant rep.
Reznick (We know) #2 - mi
Cassidy (Why)
Trammell (PP - green)
Goldstar Group DCRE
Reznick (Creating) #2
Kattenlaw (RE) #2
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