WASHINGTON, DC – The Washington, D.C.-based Ezra Company, one of the leading commercial real estate firms in the nation that exclusively represents tenants, announces today that it has negotiated on behalf of the American Anthropological Association (“AAA”) in a 8,252-square-foot lease expansion and relocation at 2300 Clarendon Blvd. in Arlington.
In this 11-year transaction, The Ezra Company Senior Vice President David Kinney and Senior Vice President Kenneth King represented AAA, which recently moved from 2200 Wilson Blvd., also in Arlington, to its new headquarters at 2300 Clarendon Blvd.
Kinney says that AAA decided to relocate, in part, because it needed a bigger conference room, and it also wanted more efficient space to allow for current and future staff growth.
Previously, AAA leased 7,500 square feet at 2200 Wilson Blvd., though it only occupied about 7,000 square feet there, subleasing the remaining 500 square feet to another tenant.
About two years ago, Kinney and King began working with this client, after beating out more than a half-dozen othershops to win AAA’s business. At first, AAA officials were intent on buying rather than renting their new space, so The Ezra Company executives showed them a range of purchase options, primarily in the District of Columbia.
Many of these alternatives, however, proved either too expensive, or too inefficiently designed, so AAA leaders then considered renewing at 2200 Wilson Blvd. or relocating somewhere close by.
Kinney and King thoroughly analyzed market conditions at the time and, through their aggressive negotiations, secured for their client a strongat 2300 Clarendon Blvd. that included a competitive rental rate and a generous build-out allowance, as well as substantial rent abatement.
“We’re pleased to have executed an extremely favorable transaction for the American Anthropological Association at 2300 Clarendon Blvd.,” Kinney says. “Our client’s new headquarters is quite efficient and provides it with plenty of room to expand. The building has numerous on-site amenities, as well as a wealth of restaurants and retailers in the vicinity.”
Founded in 1902, AAA is the world's largest organization of individuals interested in anthropology. Its membership has grown from 175 at its inception to more than 12,000 today.
Arlington-based Vornado/Charles E. Smith, the Washington division of New York-based Vornado Realty Trust, owns the 14-story, 270,000-square-foot property at 2300 Clarendon Blvd., known as Courthouse Plaza II and built in 1990.
About The Ezra Company:
Founded more than 30 years ago, The Ezra Company is the oldest and largest Washington, D.C.-based commercial real estate advisory services firm dedicated solely to representing tenants. Consistently ranked amongst the mid-Atlantic’s top firms, the passionate team of dedicated, experienced Ezra professionals provides clients with conflict-free representation and an unmatched scope of services. With three offices in the Washington, D.C. area, The Ezra Company offers local expertise and a national reach. For more information, please call 571-421-8000 or visit www.ezracompany.com.