Federal Thrift Signs Lease in NoMa
Washington, D.C., December 21, 2010 – The leasing success continues in NoMa, as the Federal Retirement Thrift Investment Board signed a 55,000-square-foot lease at 77 K Street, NE. The agency moves from 1250 H Street, NW, in October 2011.
The 326,000-SF Brookfield Properties building is now 92 percent leased. David Houck and Elizabeth Cooper of Jones Lang LaSalle represented FRTIB; Zeke Dodson, Jonathan Wellborn and Eli Barnes represented Brookfield. The 11-story building has 27,500 SF of office space and 800 SF of retail space remaining. Federal Thrift will join congressional newspaper CQ-Roll Call, Inc., which signed a lease in September and moves into the building in April 2011. The Internal Revenue Service also leased the first six floors earlier this year.
2010 remains a banner year for the NoMa neighborhood, with eight new retailers, continued leasing momentum, and the announcement of two locally owned, chef-driven restaurants in the neighborhood in April/May 2011. Chef Todd Gray of Equinox fame will open Watershed at the Hilton Garden Inn in April; Chef Gillian Clark will open Kitchen on K Street at the Loree Grand in April/May. More than 6,000 new employees have moved into the neighborhood in 2010, and more than 1,400 residents now call NoMa home. NoMa has leased over 3 million square feet in the last three years, and this announcement pushes the 2010 leasing total to 944,678 square feet. NoMa leased more than 1 million square feet in both 2008 and 2009.
Brookfield Office Properties is seeking LEED Certification and an Energy Star rating for 77 K Street. The property features 31,000-square-foot floor plates, an expansive two-story lobby, a fitness center, and a rooftop terrace with views of the U.S. Capitol. The property also contains three levels of below-grade public parking. Café Phillips occupies the corner of First and K Streets, NE, offering deli breakfast and lunch options; roughly 800 SF of retail space are still available.
NoMa is a vibrant, growing neighborhood north of Union Station and the U.S. Capitol in Washington, D.C. In the last five years, private developers have invested more than $3 billion in the 35-block area covered by the NoMa BID, and have plans to develop more than 20 million square feet of office, residential, hotel, and retail space. In 2010, more than 5,000 people moved into NoMa to live or work; and eight new retailers opened for business. NoMa has 15 modes of transportation, including two Red Line Metro stops, and the best biking facilities in DC, with the only East Coast Bikestation, the 8-mile Met Branch Trail, and six Capital Bikeshare stations. For more information about NoMa, visit nomabid.wpengine.com and sign up for our bimonthly newsletter.