Technology Company Doubles D.C. Real Estate Footprint After Funding Round
TransitScreen, a D.C.-based transit information company, has doubled the size of its headquarters.
The company this weekend moved into a new office at 750 17th St. NW. The 6K SF space is twice what it occupied at 1725 DeSales St. NW, and TransitScreen said it foresees more expansion.
Savills' Scott Hoffman and Tyler Bensten represented TransitScreen in the lease with John Hancock. The move came one year ahead of their lease expiration. TransitScreen in May closed a $3M funding round from Vancouver-based TIMA Capital, doubling the company's capital raised to-date.
Founded in 2014 by Matt Caywood and Ryan Croft, TransitScreen provides digital displays of public transit information for commercial buildings and public spaces, and it offers a mobile app. Its commercial real estate partners include JLL, CBRE, Cushman & Wakefield and Greystar.
The company's focus on transit also played a part in the selection of its new headquarters, which sits two blocks from the Farragut North Metro station. Caywood said the building has a MobilityScore rating of 100, meaning it offers the best possible transportation options.
"This was essential to our decision given our employees' preference to have commuting choices like walking, biking and riding public transit," Caywood said in a release.