First Potomac Expands Loan Agreement to $225M
January 5, 2012
By: Erika Morphy

... a 463,151-square-foot consolidation lease inked by the State Department at 600 19th St. NW—is also emblematic of the DC market, at least the DC market circa 2010, when large-sized government leases were the order of the day...

... the government agency plans to consolidate the space it is using throughout the city at the 10-story building in a ten-year lease. Studley brokers Neil Levy, David Lipson, Rob Brunton and Tim Mazzucca represented GSA in the transaction...

... There is not likely to be another large sized government lease in the DC area in the next few years...In addition, large-sized leases have a dwindling supply of buildings from which to choose.The slowdown in development activity has created a shortage of large quality blocks of space...

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