Pillsbury Chooses New Akridge Development for DC Headquarters
Pillsbury Winthrop Shaw Pittman LLP Will Move to 1200 Seventeenth Street in
WASHINGTON, Jan. 31, 2013
WASHINGTON, Jan. 31, 2013 /PRNewswire/ --Akridge announces today a fully
executed lease agreement with Pillsbury Winthrop Shaw Pittman LLP at 1200
Seventeenth Street NW in Washington's central business district. The
prestigious international law firm will occupy 105,000 of the 168,000 square
feet in Akridge's latest trophy class development, currently under
construction in the city's Golden Triangle neighborhood. Akridge, along with
investment partner Mitsui Fudosan America, purchased the site as a speculative
development and is pleased to have secured this major lease just as demolition
of the old building was completed and construction of the new building
(Logo: http://photos.prnewswire.com/prnh/20120827/PH63451LOGO )
Akridge and Pillsbury signed a letter of intent in September 2012, signaling
that a move to the new location was imminent for their Washington office.
Currently located at 2300 N Street NW, Pillsbury will move in to 1200
Seventeenth Street in January of 2015.
"After a very thorough search across the City, we are confident in our
decision to make 1200 Seventeenth Street our new home," stated Christine
Nicolaides Kearns, Managing Partner in the DC office. "The building's central
location, highly efficient design, sustainability and aesthetics make this a
very attractive choice for our firm and for our clients."
Echoing her enthusiasm for the lease was P. Brian Connolly, Senior Vice
President at Akridge, who noted, "1200 Seventeenth Street will make an
excellent new office for Pillsbury's Washington lawyers and staff. We look
forward to delivering a first class and highly sustainable building, supported
by our award-winning property management services that will serve as an ideal
destination for any firm."
Lois Zambo, David Lipson, and Tyler Bensten of Studley Inc's Washington office
represented Pillsbury, while Greg Tomasso and Ben Meisel of Akridge provided
landlord representation for the property.
With 63% of the building pre-leased, nearly 63,000 square feet, or four floors
of the building, remain available for lease to other high-profile
organizations. Designed to achieve LEED Platinum certification, building
occupants will experience expansive views and ample natural light as a result
of the high ceiling heights and broad column spacing on each floor. A fully
equipped fitness facility including locker rooms, showers and towel service
will be offered to building Clients, as well as an expansive rooftop terrace
overlooking the city. Akridge will serve as the building's property manager.
Akridge is a comprehensive real estate services company that provides
acquisition, development, construction management, asset management, property
management, leasing, and consulting services. Founded in 1974, the company has
acquired or developed more than 12 million square feet of commercial space and
currently manages four million square feet throughout the DC area. The
industry's foremost benchmarking firms, CEL & Associates, and Kingsley
Associates, has ranked Akridge as a top performing real estate firm in the
country for Client satisfaction. Akridge is committed to sustainable
development and practices, and has been recognized as an Energy Star Top
Performer and Partner of the Year. The company has also been honored with the
National Capital Business Ethics Award, and has been recognized as the Best
Place to Work in Greater Washington by the Washington Business journal. For
more information, please visit www.akridge.com.
About Mitsui Fudosan America
Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development
company headquartered in New York, NY. MFA is the U.S. subsidiary of Mitsui
Fudosan Co., Ltd., Japan's largest publicly quoted real estate company. MFA's
history in the U.S. markets dates back to the early 1970's and includes its
acquisition and redevelopment of the renowned Halekulani Hotel in Waikiki,
Hawaii, with additional investments in San Francisco, Los Angeles, Washington,
D.C., Chicago and New York. MFA's flagship commercial property is located at
1251 Avenue of the Americas in New York, one of the city's most prestigious
business addresses. In 2012, MFA acquired an 80% interest in the Homer
Building and a 95% interest in 1200 17^th Street, both in Washington D.C.
Contact: Corinne Schieffer, +1-202-624-8650, firstname.lastname@example.org
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