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CXP Launches 105K-SF Expansion of Riverfront District Office Building
Columbia Property Trust has announced plans to construct a 105,000-square-foot vertical expansion of 80 M Street, an existing 286,000-square-foot office property in the Capitol Riverfront District of Washington, D.C.
The expansion, which will be the first commercial office building in D.C. to feature mass timber new construction, will consist of two new floors and a habitable penthouse to be built atop the existing property. Columbia has also secured a 60,000-square-foot lease with the American Trucking Associations for the expanded space. ATA has signed a 16-year lease to move its headquarters out of the Virginia suburbs into two of the new floors at 80 M Street and plans to occupy the new space by 2022.
The soon to be 391,000-square-foot property is now 76% leased. The building’s 2022 availability will be able to accommodate firm requirements from 20,000 to 90,000 square feet, including the remaining available space in the expansion, which is expected to be ready for tenant build-out in 2021.
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