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CBRE Executes 68K-SF Lease in DC’s Central Business District
Following the recent acquisition of 2101 L St NW by a joint venture of BG Ventures and ELV Associates, the new ownership executed a 67,710-square-foot lease with Page Southerland Page, a full-service design, architecture and engineering firm.
CBRE’s Carroll Cavanagh, Emily Eppolito, and Dimitri Hajimihalis represented the ownership in the transaction. Page was represented by Newmark’s Mike Shuler and Nick Fields.
The property is a 384,000-square-foot office building located in Washington, DC’s Central Business District. The building offers recently renovated amenities, including a private courtyard, rooftop terrace, conference space and state-of-the-art fitness center. The new ownership plans to further enhance the tenant experience at the property.
“This significant lease transaction was executed nearly simultaneously with the acquisition of 2101 L by the new ownership group, emphasizing the importance of well-positioned and well-capitalized assets in our market,” said Cavanagh. “While office vacancy remains elevated, we see strong demand and a scarcity of availability within the top tier of the D.C. office market.”
