PwC Leases 200K SF At Douglas And Brookfield's Big Mt. Vernon Triangle Building
The massive office building that recently completed in Mount Vernon Triangle has landed another major tenant.
Brookfield Properties, in partnership with Douglas Development Corp., announced Friday it signed a 199K SF lease with PwC at 655 New York Ave. NW, bringing the project to nearly 90% leased.
The professional services firm will occupy the top four floors of the 11-story, 768K SF building. It is consolidating from two offices at 600 13th St. NW and 900 15th St. NW, according to a PwC spokesperson.
CBRE's Tim Dempsey, Greg Maurer-Hollander, Lou Christopher and Jordan Brainard O'Neil represented PwC. CBRE's Randy Harrell, Mark Klug, Carroll Cavanagh, Emily Eppolito and Dimitri Hajimihalis, plus Brookfield's Melanie Stehmer-Townsend and Cy Kouhestani, represented the ownership group.
"The greater Washington Metro area is a hub for innovation, and this new lease reflects PwC's commitment to helping create an innovative workspace in the heart of the city where our people experience comes first," PwC Mid-Atlantic Managing Partner Terri McClements said in a release.
The lease comes after the developer celebrated the grand opening of the building in October. The development team signed its first lease at the project in 2015, a 500K SF deal with The Advisory Board. A company that spun off of the Advisory Board, EAB, decided to change course and renew its 150K SF West End lease in September. WeWork signed on for 107K SF at the building earlier this year. The coworking company is subleasing space from The Advisory Board, a Brookfield spokesperson said.
The project, which incorporated the facades of 19 historic properties, also includes 80K SF of retail, with restaurants such as The Capital Burger, Leon and Rumi's Kitchen. It sits one block from the Mount Vernon Square Metro station and the Walter E. Washington Convention Center.
UPDATE, DEC. 8, 9 P.M. ET: This story has been updated with the information that the WeWork deal was a sublease from The Advisory Board.
