Bisnow Exclusive: CBS to 1255 22nd Street
Bisnow has learned that CBS News has signed an LOI to occupy 57k SF at 1255 22nd St in the West End, where its Washington bureau will occupy half of the newly renovated building (aka West End Court). They reached a deal moments before Walter Cronkite was to call the negotiations a stalemate.
The news org will vacate its current Washington bureau at 2020 M St and move to West End Court (which we snapped this morning) in mid-2014. According to FD Stonewater's David Alperstein, who's representing the owner in the deal along with colleagues Bob Hines and Eugene Smith. Landing CBS achieves the building ownership's goal of attracting marquee tenants that match the building's repositioned Class-A image. Cushman & Wakefield's Malcolm Marshall and Theo Slagle are repping CBS. It would be the second media company to announce a West End move this year, following Al Jazeera's lease at 1200 New Hampshire Ave., which we reported in January.
