Texas A&M Signs Lease To Open D.C. Campus

The office building at 1620 L St. NW.
The office building at 1620 L St. NW

A Texas university is taking space in a Downtown D.C. office building, the latest example of how the federal government can benefit the District's office market in a variety of ways.

Texas A&M University signed a five-floor, 47K SF lease to open a D.C. campus at 1620 L St. NW, the school's broker announced Monday.

Newmark Knight Frank's Doug Damron and Chris Lucey represented Texas A&M in the deal. JLL's Nathan Beach, Doug Mueller and Evan Behr represented the landlord, an affiliate of Liberty Mutual. The building, two blocks from the Farragut North Metro station, recently underwent a renovation that upgraded its lobby and amenities.

The office space will serve as the D.C. campus for the university's Bush School of Government and Public Service. It picked the location because of its proximity to the White House and other federal buildings, NKF said.

Market experts point to the government as a stabilizing factor that keeps the D.C. office market resilient through economic downturns, because not only do federal agencies lease space, but D.C. landlords can also do deals with contractors, lobbying shops and universities looking to locate in the nation's capital.

"This new location makes perfect sense for the university as it helps their students get real-world experience in government and public service right in the heart of our nation’s capital,” Damron said in a release. “The Class-A office property met all of their needs to develop a world-class D.C. campus site with its excellent location and upgraded infrastructure.”

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

FoxRock Buys Quincy Office At 78% Discount After Luring Tenant Away

Oliver Carr Jr.'s Firm Sells Alexandria Project To His Son's Company

SL Green's $2.5B Sell-Off Hits Interest Rate Snag

Bill Barr's Law Firm Expands Footprint In Move To Pennsylvania Avenue

Conversions Ramp Up As New Report Calls For Resident-Led Downtown Denver Recovery

Amazon Ditches Ashburn Data Center Plan, Shifts To Mixed-Use Vision

Elecor, Formerly Paramount Group, Gains New Muscle With Rithm In Its Corner

'Ultra-Luxury' Inner Loop Office Tower Planned Near The Galleria

Dean Adler Looks To Sell 'The Best Property We Own'

2.1M SF Chicago Office Complex Set For November Sheriff's Auction

2 Fulton Market Moves Signal Strength Of Top-Shelf Office Market

Sir George Iacobescu Has A Message For Developers Sitting On The Sidelines