G reen B uildings
Real Estate Journal — Green Buildings — January 26 - February 8, 2018 — 17B
www.marejournal.com
M id A tlantic
ASHINGTON,DC — Savills Stud- ley , a commercial Company will occupy 173,000 s/f in the NoMa district beginning in 2020 Savills Studley relocates Peace Corps. HQ to PlatinumLEED certified building inWashington, DC W
“The new, modern head- quarters will enhance our agency’s efficiency and pro- ductivity,” Peace Corps CEO Sheila Crowley said in a separate press release. “The NoMa building is Platinum LEED certified and will in- clude much-needed conferenc- ing facilities, teaming rooms, and media centers to increase opportunities for communica- tion and collaboration across our overseas and domestic offices. The move to a green, thoughtfully configured space will allow our dedicated staff to better serve the public and fulfill the Peace Corps’ mis- sion of promoting world peace and friendship.” In another release issued by the U.S. General Servic- es Administration (GSA) , which manages real estate
for the government, Public Buildings Service Regional Commissioner for the Na- tional Capital Region Mary Gibert said, “GSA is pleased to provide the Peace Corps with a flexible and efficient long term solution to their housing requirements while achieving competitive terms and a reduction in their utili- zation rate.” “We examined several exist- ing buildings and new con- struction sites throughout the city to identify the best real estate solution for the Peace Corps,” said Savills Studley corporate managing director Todd Valentine , who bro- kered the deal. “One Constitu- tion Square proved to be ide- ally located and favorable to meeting the agency’s growth and operational needs.” n
real estate firm specializing in tenant representation, has completed a 173,000 s/f lease to relocate the Peace Corps headquarters to 1275 First St. NE, also known as One Constitution Sq., inWashing- ton, DC in 2019. After two decades at 1111 20th St. NW, the Peace Corps will leave its West End sub- market space to join the Department of Justice; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the Equal Employment Op- portunity Commission and other federal agencies in the NoMa district. One Consti- tution Sq. is located at the corner of First St. and N St., providing immediate access WASHINGTON, DC — Grosvenor Americas , a pri- vate property investment and development company, signed leases totaling over 42,000 s/f at 1701 Pennsylvania Ave., NW, its 200,000 s/f LEED-EB Gold certified office building. “The 1701 Pennsylvania Ave. office property is a high-quality building with a distinctly DC location,” said D.J. Sworo- buk , Grosvenor Americas’ vice president of Investment. “We continue to work diligently to improve and maintain its high standard. Cushman & Wake- field have done a great job in attracting businesses to our building and we look forward to continuing to grow our ten- ant base.” Grosvenor recently complet- ed a substantial portion of its $7.5M HVAC modernization that involves replacing the building’s existing perimeter heat pumps with a fully au- tomated, quieter, and more energy-efficient VAV-based sys- tem. The new VAV system has been implemented on 6 of the 11 office floors and currently achieves $100K per year in
One Constitution Sq.
to metro, hotels, restaurants, retail and luxury apartments. The Peace Corps will occupy
floors two through seven of the twelve-story, 350,000 s/f office building.
Grosvenor Americas signs tenants to LEED-EB Gold certified office bldg.
Trammell CrowCo. completes sale of LEED Silver Core & Shell Sentinel Square II
such iconic brands as Krispy Kreme, Panera Bread and Bally – GroomLawGroup, Carr Workplaces, and the District’s flagship Peet’s Coffee on the ground floor. “We have enjoyed working with Grosvenor to find tenants for this unique asset,” said Mark Richardson , Cushman & Wakefield’s executive man- aging director. “Not only can you see the heart of the nation from your window, you can also feel its energy in everything surrounding you—and that’s something you can’t find in many Washington, DC build- ings.” Grosvenor acquired the 12-story property in 1986, and it is home to the company’s east coast offices. 1701 Pennsylvania Ave. is just two blocks from the Far- ragut West Metro station serv- ing Metro’s Orange, Blue, and Silver lines, and only three blocks from the Farragut North station serving the Red Line. Major roadways, government buildings, historic landmarks, and world-class amenities are nearby. n
Sentinel Square II
Square II is the new home to the District of Columbia’s Office of the State Superin- tendent of Education and the Department of Insurance, Se- curities and Banking, as well as the US Federal Election Commission. The building is 95% leased and tenant im- provements were completed in early December. The investment sales team of Bill Collins, Shaun Wein- berg and Chris Riley of Cushman & Wakefield rep- resented the sellers in this is transaction. TCC was retained for con- struction services on an on- going basis. n
WASHINGTON, DC — Trammell Crow Company (TCC) and joint venture part- ners, Cottonwood Partners and a subsidiary of a private real estate fund advised by CrowHoldings Capital Real Estate , have completed the sale of their Sentinel Square II project located at 1050 First St. NE, Washington, DC to a Korean investment group, Sen- tinel Square Hana OW, LLC. Sentinel Square II is part of the selling partnership’s three phase, 1.3 million s/f office complex in the heart of NoMa. Designed to meet ISC Level IV security protocols and LEED Silver Core & Shell, Sentinel
energy savings. The building’s fitness center and its secure underground valet parking ga- rage waiting lounge were also recently renovated. Cushman & Wakefield is handling the building’s leasing. Institute for Defense Analyses, SBD Advisors, and Afiniti are the most recent additions to the tenant mix which includes existing tenants JAB Hold- ings – the parent company of 1701 Pennsylvania Ave.
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