WASHINGTON, DC - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Berkeley Research Group has leased 58,602 square feet at 1800 M Street, NW, located in the Central Business District submarket of Washington, DC. The 11-year lease term will commence July 2014.
The Cassidy Turley Leasing Team of Bobby Schwartz, Eli Barnes and James Collins represented Prudential Real Estate Investors, which owns the building on behalf of institutional investors. Berkeley Research Group, a global consulting firm based in Emeryville, CA, was represented by David Houck and Sam Swan of Jones Lang LaSalle.
“PREI’s® repositioning of 1800 M Street has set a high standard for office space in the Central Business District submarket,” said Mr. Barnes. “The recent renovations have attracted premier tenants like Berkeley Research Group to the building due to the exceptional upgrades, on-site amenities and prime business location.”
The 10-story, 585,000-square-foot, Class A office building was originally constructed in 1975 and recently underwent substantial, premium-quality renovations to its HVAC system, lobbies, fitness center, roof top terrace, elevators, restrooms and common areas.
Berkeley Research Group will move from its current location at 1919 M Street, NW.
PREI, which has been investing in real estate on behalf of institutional clients since 1970, is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Munich, Frankfurt, Paris, Istanbul, Abu Dhabi, Mexico City, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore and Tokyo. In addition, PREI has representatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of March 31, 2013, PREI managed approximately $53 billion in gross real estate assets ($37.3 billion net) on behalf of more than 490 clients worldwide. For more information, visit http://www.prei.com.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.