WASHINGTON, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that The Dow Chemical Company has leased 9,637 square feet at 500 North Capitol Street, NW, located in the heart of Capitol Hill in Washington, DC. The 11-year lease term will commence in April 2014.
Phillip Thomas and Kerri Mulligan Salih of Cassidy Turley represented the co-owners, Boston Properties and Clark Enterprises. The Dow Chemical Company was represented by Brian Murphy of CBRE and leased part of the second floor of the building.
“We are absolutely thrilled to have The Dow Chemical Company sign a lease at 500 North Capitol Street,” said Ms. Mulligan Salih. “500 North Capitol Street is an extraordinary building in a prime Capitol Hill location, and if a company needs to be on the Hill, there is no better place to be.”
Located at the corner of E Street and North Capitol Street, 500 North Capitol Street is a nine-story, 231,339-square-foot building with close proximity to Union Station. The building features unobstructed views of Union Station to the northeast and The United States Capitol Building from the southeast corner of the building.
500 North Capitol Street is seeking LEED Silver certification.
About Boston Properties, Inc.
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, three residential properties and four retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, New York, Princeton, San Francisco and Washington, DC. For more information about Boston Properties, please visit the Company’s web site at http://www.bostonproperties.com/.
About Clark Enterprises
Clark Enterprises, Inc. (CEI) was founded in 1972 as the parent holding company of the Clark Construction Group, LLC, one of the largest privately-held general contractors in the U.S. Through strategic planning, CEI is now a highly-successful, diversified investment company that concentrates its investment activities in real estate, construction, private equity/venture capital and financial markets. CEI's executive management represents decades of sophisticated, successful deal-making experience, and CEI's diversified portfolio has produced significant positive returns in all types of markets.
At the core of CEI's success is a network of long-standing business relationships that CEI highly values and frequently calls upon to form strategic alliances. New partnerships are carefully considered to align with CEI's commitment to integrity and its sense of responsibility to the community.
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.