Real Estate Journal — August 9 - 22, 2019 — 21A
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D el M ar V a 11-story, 234,000 s/f, LEED Gold, class A office dev. Skanska signs new 44,183 s/f lease at 99M inWashington, DC
W
ASHINGTON, DC — Skanska has signed a new lease
to the Washington Nationals, and just steps to Audi Field – home to D.C. United. “CommonGrounds epito- mizes the type of modern, forward-thinking company that 99M was built for. Their focus on human-centered design and technology aligns well with our vision for the building as a supportive, inspiring work environment that encourages balance and productivity,” said Mark Carroll , executive VP of Skanska USA Commercial Development in Washington, DC. “Moreover, we share an important goal with Common- Grounds as we aim to create flexible office spaces that are comfortable and customizable for all types of businesses.” re-tenant that anchor to drive foot traffic. The incorporation of more pedestrian-friendly amenities, such as walking paths with seating areas and hardscape, encourages users to leave their car and experience a more personal connection with the property. Drew Romanic is princi- pal of The Martin Architec- tural Group, PC.
with CommonGrounds Work- place for 44,183 s/f at 99M. 99M is an 11-story, 234,000 s/f, LEED Gold, class A office development in Washington, DC’s Capitol Riverfront. 99M offers tenants a modern office design with program- ing flexibility and efficiency that allows each tenant to fully customize their newwork- place. The building provides an amenity-rich environment that includes a 4,750 s/f rooftop ter- race; 4,300 s/f fitness facility; and a secure bicycle storage room complete with a fix-it sta- tion. Located at the heart of the Capitol Riverfront, the office is special events to experience the new amenities and spread the word to their friends. The identity of the property may require reinvention, a physical makeover, and re- branding or re-imaging in order to compete within the market. This can be accom- plished by adding new and inventive uses. Consider in-
99M
situated between both Navy- Yard-Ballpark Metro Station access points, and surrounded by popular restaurants, retail and multiple public green spac- es, including The Yards Park and Canal Park. The Capitol Riverfront and 99M offer tre- mendous access to Capitol Hill, Ronald Reagan Washington National Airport, and is home corporating multifamily rental apartments, office space, and civic uses, or creating a new entertainment destination with enhanced dining options, cinema, performing arts, sport- ing venues for intramural athletics, or a library. This process is usually undertaken when the property has lost a major anchor in a crowded market and has few options to
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