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March 5, 2008
 
       
 
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More Breaking News from Bisnow
DoJ HEADING
TO
CONSTITUTION SQUARE!

 

On the heels of NPR's big decision this afternoon to go to NoMa, that story has now been trumped by an even bigger one.

Several sources have exclusively revealed to Bisnow on Business that the hugely anticipated Department of Justice office lease of 521k SF will go to Stonebridge Carras' Constitution Square at 100 M Street, NE, also smack in the middle of NoMa.  An announcement is expected Thursday or Friday.

It's said to be a 15-year lease at $48/SF rentable full-service "with a bunch of free rent thrown in," according to one source.

 

Stonebridge Carras principal Doug Firstenberg with NoMa BID Chairman Bruce Baschuk last summer. Neither was the source of our information. Fortunately we had this picture of them that appeared in a Bisnow issue of June 1, 2007.

Taken with the NPR lease, which we reported earlier today, it's a banner week for NoMa, which some thought was being left behind as the competing new baseball district prepares to become a center of attention starting Opening Day.

K3

Constitution Square should deliver in 2010 with employees expected to move in between January and June. Cassidy & Pinkard Colliers advised Stonebridge Carras, which is consolidating offices for 1200 employees in its Criminal Division.

Stonebridge and Walton Street Capital bought an overall 7-acre parcel from Akridge two years ago. DoJ will join the Bureau of Alcohol Tobacco and Firearms and the EEOC in locating to NoMa, as will NPR, as we reported earlier today.

As far as we know, we won't be bothering you with any other breaking news for a while.

 

 
 
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