Law firm Davis Wright Tremaine LLP has signed a 49,814 square foot lease at 1919 Pennsylvania Avenue in downtown Washington, DC. The firm, which is currently located in the building, is consolidating and expanding its space and will now occupy all of the 8th floor and 40% of the 7th floor. They plan to move to the new space in July 2010.
Woodmark -- an affiliate of The J Street Companies -- CB Richard Ellis and Century Pacific LP represented Davis Wright Tremaine in the transaction. The building is owned by Tishman Speyer.
"The signing of this important lease, one of the largest in downtown Washington to date this year, signifies Davis Wright Tremaine’s desire to remain on Washington’s most important avenue and demonstrates the firm’s appreciation of 1919 Pennsylvania Avenue, where they have resided for the years preceding this lease," said Woodmark Senior Vice President, Tom McHugh.
"With this lease, Davis Wright Tremaine will realize greater efficiencies with their space and high value. In these challenging times, this transaction is a great example of smart real estate decisions by both the tenant and the owner," said CB Richard Ellis Executive Vice President, Arthur Santry.
About Davis Wright Tremaine LLP
Davis Wright Tremaine LLP is a national full-service law firm with approximately 550 attorneys in nine offices: Los Angeles, San Francisco, New York, Washington, D.C., Seattle, Bellevue (Wash.), Portland (Ore.), Anchorage (Alaska) and Shanghai, China. The Washington, DC office is the firm’s third largest.
About The J Street Companies
The J Street Companies, through affiliated companies Woodmark, J Street Development and Randall Hagner, offer a complete array of real estate services including commercial sales and leasing, residential sales, property management, development, project management and capital markets. For more information, please visit www.jstreetcompanies.com.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has more than 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.
About Century Pacific, LP
CenturyPacific, LP draws on the breadth of experience of its principals as well as its alliance partnerships to offer a full range of real estate services. These services include real estate investment banking, consulting and development management.