{"id":1004746180,"date":"2025-02-06T05:09:01","date_gmt":"2025-02-06T13:09:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004746180"},"modified":"2025-06-10T23:27:23","modified_gmt":"2025-06-11T07:27:23","slug":"law-firm-signs-117-ksf-lease-in-downtown-dc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/","title":{"rendered":"Carr Properties Lands 117 KSF Lease in Downtown DC"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004732087\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/carr-properties-lands-120-ksf-tenant-at-dc-trophy-asset\/833544-1-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\" data-orig-size=\"1000,750\" 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;0&quot;}\" data-image-title=\"Midtown-Center-Carr-Properties\" data-image-description=\"&lt;p&gt;Property at 1100 15th St. NW, Washington, D.C.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Midtown Center\u2019s copper facade surrounds the inner plaza which acts as a gathering place for tenants, shoppers and pedestrians. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\" alt=\"Exterior shot of Midtown Center, a two-building office property with glass exterios.\" class=\"wp-image-1004732087\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 2017, the LEED Gold-certified Midtown Center comprises two interconnected office buildings.&nbsp;<em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Law firm Freshfields has signed a 117,000-square-foot, long-term lease at Midtown Center in Washington, D.C. Carr Properties owns the 869,000-square-foot, two-building office complex. CBRE brokered the deal on behalf of both parties, while Carr Properties also had in-house representation. <\/p>\n\n\n\n<p>Freshfields will occupy floors six through eight at the property&#8217;s West Tower, more than doubling its presence in the metro.<\/p>\n\n\n\n<p>The firm will relocate from 700 13th St. NW, an almost 244,000-square-foot office building where the company has been located since 2014. The leased space at that property comprised 52,000 square feet, according to the <em>Washington Business Journal<\/em>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">What\u2019s Defining Office in 2025?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Midtown Center is now more than 80 percent leased. The roster also includes Fannie Mae, which<a href=\"https:\/\/www.commercialsearch.com\/news\/fannie-mae-signs-340-ksf-lease-in-downtown-dc\/\"> downsized its headquarters<\/a> from 713,500 square feet to 340,000 square feet in August.<\/p>\n\n\n\n<p>The 14-story property is at 1100 15th St. NW in downtown Washington, D.C., four blocks north of The White House. Ronald Reagan Washington National Airport is 4 miles southwest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-midtown-center-up-close\">Midtown Center, up close<\/h2>\n\n\n\n<p>Carr Properties completed Midtown Center in 2017, using funds from a $525 million construction loan from Wells Fargo Bank, CommercialEdge shows. In 2021, the company sold a 49 percent stake in the asset to IGIS Asset Management, in a deal that valued the asset at $980 million.<\/p>\n\n\n\n<p>The Class A property consists of two LEED Gold-certified buildings connected by three pedestrian bridges. Features include floorplates averaging 75,500 square feet, 16 passenger elevators and a 45,000-square-foot retail plaza.<\/p>\n\n\n\n<p>Amenities include a fitness center, yoga room, rooftop terrace and bike room. The owner plans to add new amenities to the buildings, including conference and entertainment centers, as well as a rooftop penthouse.<\/p>\n\n\n\n<p>CBRE Executive Vice President Amy Bowser and Senior Vice Presidents Brooks Brown and Harry Stephens, along with Vice Chair Rob Copito, arranged the lease. Carr Properties\u2019 in-house representation comprised Senior Vice President Kaitlyn Rausse and Director Ryan Lopez.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-d-c-s-office-vacancy-sees-minor-change\">D.C.\u2019s office vacancy sees minor change<\/h2>\n\n\n\n<p>Washington, D.C.\u2019s office vacancy rate clocked in at 18.5 percent at the end of December, 60 basis points higher year-over-year, but still below the 19.8 percent national average, the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-january\/\">CommercialEdge office report<\/a> shows. The metro\u2019s listing rate during the same period was $41.4, marking a 1.8 percent increase compared to December 2023.<\/p>\n\n\n\n<p>A few months ago, <a href=\"https:\/\/www.commercialsearch.com\/news\/carr-properties-lands-120-ksf-tenant-at-dc-trophy-asset\/\">ArentFox Schiff signed a roughly 120,000-square-foot lease<\/a> also at Midtown Center. The firm will relocate its headquarters to the property in early 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A law firm is more than doubling its space in the market.<\/p>\n","protected":false},"author":3355,"featured_media":1004732087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,21747,1615],"tags":[33447,32789],"class_list":["post-1004746180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-office","category-washington-dc","tag-carr-properties","tag-cbre"],"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>Carr Properties Lands 117 KSF Lease in Downtown DC - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Freshields more than doubled its office presence in Washington, D.C., signing a 117,000-square-foot lease at Midtown Center.\" \/>\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\/law-firm-signs-117-ksf-lease-in-downtown-dc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carr Properties Lands 117 KSF Lease in Downtown DC\" \/>\n<meta property=\"og:description\" content=\"Freshields more than doubled its office presence in Washington, D.C., signing a 117,000-square-foot lease at Midtown Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T13:09:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-11T07:27:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/\",\"name\":\"Carr Properties Lands 117 KSF Lease in Downtown DC - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\",\"datePublished\":\"2025-02-06T13:09:01+00:00\",\"dateModified\":\"2025-06-11T07:27:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Freshields more than doubled its office presence in Washington, D.C., signing a 117,000-square-foot lease at Midtown Center.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-117-ksf-lease-in-downtown-dc\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/833544-1-1.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Midtown Center\u2019s copper facade surrounds the inner plaza which acts as a gathering place for tenants, shoppers and pedestrians. 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