Commercial real estate roundup
- February 15, 2010
WASHINGTON — Fried, Frank, Harris, Shriver & Jacobsen LLP signed a 16-year, 102,000-square-foot lease for space at Lafayette Tower on Seventeenth St. NW. The company plans to relocate its headquarters in about a year from its current location at 1001 Pennsylvania Ave. The 11-story, 245,000-square-foot Lafayette Tower, developed by Louis Dreyfus Property Group, opened last year. It is one of only two office buildings in the country to gain platinum LEED certification, the most rigorous standard of the U.S. Green Building Council for energy efficiency and sustainability design. “The firm is committed to green initiatives throughout all of its offices,” said Alan S. Kaden, a Fried managing partner in Washington. C.B. Richard Ellis assisted Fried, Frank during lease negotiations.
FAIRFAX COUNTY — Nordstrom is bringing its outlet store, Nordstrom Rack, to Fairfax County this summer. The retailer plans to open a 37,500-square-foot store in the Lakes Promenade shopping center on Aug. 26. Another outlet store will open at Pentagon Centre this summer.
HAMPTON ROADS — Liberty Property Trust signed 16 new leases and renewals totaling nearly 140,000 square feet of office, flex and warehouse space during the fourth quarter. One of the largest deals was an office lease for 25,000 square feet for RRMM in Chesapeake’s Greenbrier area. The architectural firm relocated from another site in Hampton Roads to Liberty Executive Park.