Kiplinger Publishing relocates after 61 years
- November 15, 2011
The Kiplinger organization, a publisher of business forecasts and personal-finance advice, is leaving its home of 61 years and relocating its corporate and editorial headquarters to a building near Franklin Square in Washington, D.C.
West, Lane & Schlager (WLS), a Washington-based commercial real estate brokerage firm, said it negotiated a five-year sublease for 21,000 square feet of space at 1100 13th St., NW, in the Franklin Square North building. The space comprises almost the entire seventh floor, and was previously occupied by The Associated Press, the largest tenant in the building.
Franklin Square North is a 12-story, 270,000-square-foot building owned by Prudential Real Estate.
Since 1950, Kiplinger operated at 1729 H St., NW, in The Editors Building, which the publisher built for its own use. However, the company decided that the layout of the building no longer worked efficiently for its needs, and it recently sold it to OTO for conversion to a hotel. “We’re excited about our move to Franklin Square North,” said Knight Kiplinger, “especially the energizing effect of having our entire staff on one large floor, in an open setting where ideas and work can flow freely among departments.”