Renovations Bring Big Leases for Lerner, Tower, Beacon

Renovations just paid off for two big properties in DC and Tysons. First up: Lerner and the Tower Companies announced yesterday they've signed law firm Manatt, Phelps, & Phillips to a 38k SF lease at Washington Square at Connecticut and L downtown. Cushman & Wakefield's Brian Tucker, who repped the owners (with colleague Brian Raher), tells us the deal marks 140k SF in new deals at Washington Square in just over a year, after Lerner and Tower embarked on a major renovation of the 1980s vintage building. The American Bar Association and Mercer also signed recently. JLL's Creighton Armstrong, Elizabeth Cooper, and Steve Spartan Jr. repped Manatt.

In Tysons, the long-rumored move of Alarm.com's HQ to Beacon Capital Partners' Tysons Metro Center III is official. The firm signed for just under 83k SF, moving from Vienna. Beacon just finished big common area improvements at the property. Cassidy's Spencer Stouffer, Tim Summers, Todd Brinkman, Scott Goldberg, and Shaun Collins repped Beacon, while DTZ's Bill Evans (with his kids on the first day of school a few weeks back) repped the tenant. (If there's an Ocean's 14, it should be about trying to get into the Alarm.com building.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters