UBS Pre-leases Skanska’s Newest Property in DC
UBS has pre-leased a 23,644-square-foot space at 17xM, an office building under development by Skanska at 1700 M St. NW, Washington, DC, per Washington Business Journal’s report. The Swiss financial services giant is expected to move from its current location at 1501 K St. NW upon completion of the 11-story mix-used building in 2024. Skanska is ground-leasing the land owned by JBG Smith Properties. UBS will be joining law firm Gibson Dunn & Crutcher, who signed a lease for more than half of the building in 2021.
CBRE brokered the lease for Skanska with a team led by Randy Harrell, Jill Goubeaux, Joe Coleman and Lara Nealon, while Cushman & Wakefield represented UBS.