WASHINGTON, D.C. – Cresa Washington DC, a corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated services, announces today that it is moving its District of Columbia office to a larger space within the city to accommodate the firm’s current and future growth.
Cresa Washington DC has executed a 10-year lease at 1800 M St. NW in the heart of the Central Business District. The firm will occupy its new space on September 1.
Currently, Cresa Washington DC is subleasing space at 505 9th St. NW from a law firm. Executives with the commercial real estate firm wanted to sign a prime lease in space more appropriately configured to meet its needs.
After scouting roughly a dozen downtown sites, Cresa Washington DC decided on 1800 M St. NW for several key reasons. For one, the property is newly renovated, and it features a fitness center as well as rooftop deck. The building is in a vibrant part of the Central Business District – Metro accessible and near a multitude of restaurants, retailers and other amenities.
Inside the firm’s new office, “the space is quite efficient. Everyone will have natural light, and it’s an extremely collaborative environment. Video-conferencing capabilities are state of the art,” says Steve Schaumberg, a managing principal with Cresa Washington DC who negotiated the new lease on behalf of the firm. “We’re very excited about our new location in the city.”
Presently, Cresa Washington DC has three project managers and 13 brokers at 505 9th St. NW. The firm is actively hiring, and the new office will provide it with the necessary room to bring on more talented professionals, Schaumberg says.
Prudential Insurance Company of America, based in Madison, N.J., owns 1800 M St. NW.
About Cresa:
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio/Lease Administration, Capital Markets, Sustainability, Industrial/Supply Chain and Facilities Management. With more than 55 offices, Cresa is North America’s largest tenant representation firm. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. Cresa Washington DC exclusively serves tenants through its offices in Bethesda, the District of Columbia and McLean. For more information, visit www.cresa.com.