Law Firm To Relocate To Tishman Speyer's New M Street Office Building
Tishman Speyer has lured a second law firm to move into its new office building at 2050 M St. NW.
The developer announced Saturday it signed a 166K SF lease with Wiley Rein LLP for floors three through seven in the building. The firm plans to move from its current headquarters at 1776 K St. NW.
CBRE's Lou Christopher, Jordan Brainard, Tim Dempsey and Greg Maurer-Hollaender represented the tenant in the deal. The brokerage firm said it is D.C.'s largest office relocation deal signed this year.
The deal, first reported by the Washington Business Journal, brings the 340K SF office building to 81% leased. Tishman Speyer in January 2017 signed law firm Paul Hastings to fill the top three floors of the building with a 97K SF lease.
The 11-story development was built on the site of the CBS News Washington bureau, and Tishman also built new facilities for the network with a separate entrance from the office building. It was designed by New York-based architecture firm Rex.
The property sits about four blocks from the Dupont Circle Metro station. It is one of a series of office redevelopments near the intersection of 21st and M streets, including Brookfield's 2016 overhaul of 2001 M St. NW and Network Realty Partners' planned redevelopment of 2100 M St. NW.
"The addition of Wiley, a world-class law firm, to our Washington, D.C. portfolio is great news, especially considering the recent business challenges created by the pandemic," Tishman Speyer CEO Rob Speyer said in a release. "We have a very positive long-term view of the D.C. office market and we are optimistic that this transaction will signal the return of robust activity again."