Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Savills Secures Lease for New RIAA HQ in Washington D.C.
The Recording Industry of America (RIAA) signed a lease for a new headquarters at 1000 F Street NW, an 11-story boutique office building in Washington DC’s Penn Quarter neighborhood. Ben Plaisted of real estate advisory firm Savills represented RIAA in the transaction. Mark Klug of CBRE represented building ownership, Douglas Development.
RIAA’s new lease will encompass 20,400 square feet across the 2nd and 3rd floors of the building. The space will also include a 2,000-square-foot mezzanine floor, with 20-foot high ceilings and exposed brick for musical performances. The trade organization is expected to move to the new location in April 2020.
“As an organization that frequently hosts musical performances and special events, it was crucial for RIAA to find a building in D.C. that offered a modern work environment as well as a unique space for live musical performances,” said Plaisted. “Following an extensive search of the entire market, our team successfully negotiated the termination of RIAA’s existing lease, which allows them to move into a building that accommodates their entire staff as well as their needs for creative performance space.”
For comments, questions or concerns, please contact David Cohen
- ◦Lease
