Top Brokerage Expands With Downtown D.C. Office Move
Colliers is relocating to a bigger office in downtown D.C. and committing to the city’s central business district for another 12 years.
The brokerage is taking an 18K SF lease at Tishman Speyer’s 1919 Pennsylvania Ave. NW, Bisnow can first report. It is a move from the firm’s prior footprint at 1625 Eye St. NW, where the firm had 12K SF, according to a Colliers spokesperson.
The 12-year lease began on June 1, and the company has already started moving in.
In addition to its brokerage teams, Colliers is bringing its engineering and design operation and valuation and advisory service to the new space.
“As our team continues to expand, we wanted a space that reflects who we are and supports the way we work together,” Colliers Executive Managing Director Matt Gannon said in a release. “This new office gives us the opportunity to bring our professionals closer together, strengthen collaboration across our business, and continue attracting top talent while delivering the best possible experience for our clients.”
The brokerage’s new office will feature open- and closed-door offices and huddle rooms, plus amenities like wellness rooms, a Colliers Café, a social lounge and a private terrace.
Tishman Speyer owns 1919 Pennsylvania, a 299K SF property built in 1979 and renovated in 2022. The property, which is also home to law firms Cadwalader, Wickersham & Taft and Saul Ewing, sits across the street from the famed D.C. restaurant Founding Farmers and just down the street from the Western Market food hall.
Last spring, a wine storage company took an 8K SF subterranean space in the office building, which is set to hold hundreds of thousands of bottles in a temperature- and humidity-controlled environment. And this spring, 1919 Pennsylvania got a new ground-floor tenant, New York City-based Just Salad.
Colliers’ prior office space at 1625 Eye St. NW is owned by Greenbarn Investment Group, FarmViewVentures and Farallon Capital. The partnership purchased the note to the 405K SF property last spring before taking the keys at a foreclosure auction.
“We are big fans of Colliers and we were sad to see them leave — but they were expanding and we did not have enough space availability for their new requirements,” John Wolf, CEO of FarmViewVentures, one of the owners of 1625 Eye, told Bisnow in an email. “Their departure has left us great 9th floor furnished space which accommodates a tenant in the process of extending and renovating their space in-place.”