EverFi Doubles Footprint In Deal For New D.C. Headquarters
Rapidly growing education technology company EverFi is keeping its headquarters in the District.
The company announced Tuesday it signed a 58K SF lease at 2300 N St. NW, with plans to relocate in summer 2019. The move will more than double EverFi's footprint from its current 23K SF office at 3299 K St. NW.
JLL's Gregory Lubar and Andy O'Brien represented EverFi in the deal, while Lincoln Property Co.'s Adam Biberaj represented the landlord, the Illinois Teachers Retirement System. The D.C. government provided EverFi with over $3M in incentives to remain in the District.
The 13-year lease, first reported by the Washington Business Journal, follows EverFi's $190M funding round last year from Google's Eric Schmidt and U2 frontman Bono.
“Ten years ago, EverFi was founded in a small D.C. rowhouse with the idea that we could harness innovative, digital education to engage learners around some of the country’s most intractable issues, including financial illiteracy, student loan debt, sexual harassment and violence, and workforce access," EverFi co-founder and CEO Tom Davidson said in a release. "We have executed on this vision, built a successful business, and helped millions of learners. It is only fitting our home remains in the District of Columbia to continue this journey.”
The deal represents another big win for D.C.'s growing technology sector. Location data company Mapbox in November tripled its footprint with a 17K SF lease at 740 15th St. NW and FiscalNote in June nearly doubled its footprint with a 38K SF lease at 1201 Pennsylvania Ave. NW.
The District has also attracted Silicon Valley tech companies such as Yelp, which recently moved into a new 53K SF D.C. office, and several other tech giants are quietly growing their government affairs offices. D.C. hopes this growth foreshadows a much bigger win when Amazon selects the location for its second headquarters, with three of the final 20 cities in the Washington region.
