WeWork Continues D.C. Leasing Spree With 110K SF Midtown Center Deal
D.C.'s largest private sector office tenant is not slowing down its growth in the region.
WeWork announced Monday it signed a 110K SF lease at the Midtown Center development, the latest in a rapid string of D.C. deals for the coworking giant.
The coworking provider will take the remaining office availability in Carr Properties' $650M Midtown Center development. Fannie Mae leased 752K SF of the 862K SF development for its new headquarters, where it moved in last year.
JLL's Greg Lubar, Andy O'Brien and Zach Boroson represented WeWork in the deal, while Carr's Dan Dooley, Jackson Prentice and Kaitlyn Rausse managed leasing for the developer.
The development, designed by SHoP Architects, also includes 44K SF of retail space where Carr has signed Blue Bottle Coffee, New Orleans-style restaurant Dauphines, Japanese concepts Shōtō and Akēdo and Greek concept Philotimo from Nicholas Stefanelli. Asadoorian Retail Solutions' John Asadoorian is managing the retail leasing, with two spaces remaining available totaling about 8,500 SF.
The deal represents WeWork's 13th D.C. coworking space and continues a rapid regional expansion for the company that last year became the District's largest private office tenant.
The coworking provider in February signed on for over 100K SF at a new Akridge project at 1701 Rhode Island Ave. NW. In December, it signed a 66,500 SF lease with The Meridian Group near Mount Vernon Square, one week after its property arm partnered with Meridian to buy a Dupont Circle office building where WeWork plans to open a 100K SF space.
Also late last year, WeWork leased three floors at Rosslyn's CEB Tower, opened its first college campus location in College Park and opened its second Chinatown space at 777 Sixth St. NW.
"Midtown Center will be the perfect destination for our increasingly diverse member base," WeWork General Manager Lex Miller said in a release. "Whether it's companies in technology and design or medium to large size firms in government or law, we are excited to continue expanding our member base here in D.C."
