{"id":1004183789,"date":"2017-07-13T08:08:39","date_gmt":"2017-07-13T16:08:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183789"},"modified":"2022-12-08T17:36:20","modified_gmt":"2022-12-09T01:36:20","slug":"tcc-meadow-partners-to-redevelop-building-near-the-white-house","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tcc-meadow-partners-to-redevelop-building-near-the-white-house\/","title":{"rendered":"TCC, Meadow Partners to Redevelop Building Near the White House"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004183790\" style=\"width: 417px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/MPAA-Building.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004183790\" data-attachment-id=\"1004183790\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tcc-meadow-partners-to-redevelop-building-near-the-white-house\/mpaa-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/MPAA-Building.jpg\" data-orig-size=\"670,377\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"MPAA Building\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/MPAA-Building.jpg?w=670\" class=\"wp-image-1004183790 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/MPAA-Building.jpg\" alt=\"The Motion Picture Association of America Building\" width=\"407\" height=\"229\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/MPAA-Building.jpg 670w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/MPAA-Building.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 407px) 100vw, 407px\" \/><\/a><p id=\"caption-attachment-1004183790\" class=\"wp-caption-text\">The Motion Picture Association of America Building<\/p><\/div>\n<p>Trammell Crow Co. teamed up with Meadow Partners to purchase an 80 percent condominium interest in the Motion Picture Association of America Building, located in <a href=\"https:\/\/www.commercialsearch.com\/news\/ymca-redevelopment-in-central-dc-breaks-ground\/\">D.C.\u2019s central business district<\/a>. TCC also revealed plans to undertake an extensive redevelopment of the building, which is located one block from the White House, transforming the 50-year-old property into a 150,000-square-foot office building.<\/p>\n<h2>The future of the MPAA Building<\/h2>\n<p>The refurbishment program, which is expected to be completed in 2019, will include the addition of new features such as a new state-of-the-art system, a rooftop lounge, a terrace and a fitness center. Gensler will serve as the architect for the redevelopement.<\/p>\n<p>\u201c<em>TCC is extremely pleased to be partnering with the MPAA on this landmark redevelopment opportunity. Our goal is to bring the building up to a trophy standard that reflects the prestige of the MPAA as an organization and appeals to a wide range of leading tenants. The redevelopment of the MPAA building will solidify its status as one of the most coveted office addresses in Washington, D.C.<\/em>,\u201d Campbell Smith, principal with TCC\u2019s\u00a0Mid-Atlantic Business Unit, said in prepared remarks.<\/p>\n<p>The MPAA has retained a 20 percent condominium interest in the building and will occupy two floors in the eight-floor property upon completion of the revamping. The space will offer a modern theater and event space, in addition to upgraded office spaces. The remaining six contiguous floors totaling roughly 120,000 square feet will be available for lease.<\/p>\n<p>CBRE\u2019s Randy Harrell and Joe Coleman will manage leasing efforts for the available space. Savills Studley brokered the transaction, while Holland &amp; Knight provided legal counsel to MPAA and Willkie Farr and Gallagher provided legal counsel to TCC and Meadow Partners.<\/p>\n<h2>A Historic Address<\/h2>\n<p>The building, located at 888 16th St., was designed by Vastimil Koubeck in the modernist brutalist style and was finished in 1969.<\/p>\n<p>\u201c<em>The MPAA Building is one of the most historic addresses in Washington, D.C. It has hosted presidents and foreign leaders, visionary directors and well-known artists for decades. The redevelopment will enable the MPAA to continue serving as a premier gathering place for creativity and storytelling in our nation\u2019s capital<\/em>,\u201d Senator Christopher Dodd, chairman &amp; CEO of MPAA, said in prepared remarks.<\/p>\n<p><em>Rendering courtesy of\u00a0Trammell Crow Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The companies have joined hands to purchase an 80 percent condominium interest in the Motion Picture Association of America Building. The MPAA has retained a 20 percent interest in the building and will occupy two of the eight floors once the asset is completed in 2019. <\/p>\n","protected":false},"author":1055,"featured_media":1004183790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,11,21742,21747,1615],"tags":[32789,33012,36716,32981,36717,32775,32893],"class_list":["post-1004183789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-midatlantic","category-latest","category-office","category-washington-dc","tag-cbre","tag-gensler","tag-holland-knight","tag-meadow-partners","tag-motion-picture-association-of-america","tag-savills-studley","tag-trammell-crow-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TCC, Meadow Partners to Redevelop Building Near the White House - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tcc-meadow-partners-to-redevelop-building-near-the-white-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCC, Meadow Partners to Redevelop Building Near the White House\" \/>\n<meta property=\"og:description\" content=\"The companies have joined hands to purchase an 80 percent condominium interest in the Motion Picture Association of America Building. 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