Arlington, VA (PRWEB) December 04, 2012
In the month of November, FD Stonewater closed two major lease transactions totaling over 500,000 square feet in downtown Washington, DC on behalf of David Nassif Associates (DNA) and Lehman Brothers, respectively. Managing Director of Leasing Robert Hines represented DNA in a new lease transaction totaling 372,299 square feet at Constitution Center located at 400 7th Street, SW. Under this new lease, the United States Federal Trade Commission will consolidate a number of existing offices into Constitution Center and the balance of space will be filled by other yet to be formally identified federal agencies. With Constitution Center now 100% leased, this brings a conclusion to Mr. Hines’ highly successful leasing and marketing effort on this 1.4 million square foot asset, Washington D.C.’s largest privately owned building.
Separately, FD Stonewater Principal Joseph Delogu represented Lehman Brothers in the renewal of The Department of Justice (DOJ) for 168,496 square feet at the Bond Building located at 1400 New York Ave. NW. The lease allows DOJ to remain in the building as the sole occupant for 15-years while meeting the investment objectives of the ownership.
Mr. Delogu stated, “In a year where very little leasing activity was seen in the city, FD Stonewater is grateful that our strategic approach to these two high-profile transactions resulted in successful outcomes on behalf of our valued clients.”
About FD Stonewater
FD Stonewater is boutique real estate service and investment firm based in Arlington, Virginia and with offices in New York and Los Angeles which has a track record of more than $10 billion in investment, advisory, development and acquisitions and over 40 million square feet of lease transactions. FD Stonewater offers a fully-integrated, national real estate platform with capabilities in Principal Investment, Development, Advisory and Brokerage activities. http://www.fdstonewater.com