Thu, 26/06/2014 - 14:02
Law firm Proskauer has signed a 15-year lease with Hines for 48,216 square feet at 1001 Pennsylvania Avenue.
The firm currently occupies part of the fourth floor of the building and will be relocating to the sixth floor.
Hines senior managing director Chuck Watters says: "We could not be more pleased with Proskauer's long-term commitment to 1001 Pennsylvania Avenue. They are an outstanding member of our premier tenant roster."
Paul Hamburger, partner and head of Proskauer's Washington office, says: "Our office has grown significantly over the past eight years at 1001 Pennsylvania, both in terms of lawyers and breadth of work. We are very excited to expand into a larger space that will accommodate our growth and tradition of guiding clients through the laws and regulations that affect every aspect of their businesses. We look forward to the next fifteen years and continuing our strong relationship with Hines."
The 14-story, Class A office building is located between the Capitol and the White House, and contains approximately 712,000 square feet of office space. The limestone facade steps back on several levels, creating rooftop terraces with different views of the city including the Capitol and the Washington Monument. Historical facades have been preserved and incorporated, creating an attractive blend of old and new. The property also includes 43,029 square feet of retail space, featuring first-class and casual dining as well as banking services.
Other tenants include Carlyle Investment Management and Crowell & Moring.
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