American Health Lawyers Association To Relocate HQ To Original Home At 1620 Eye Street NW
Studley Negotiates 11,000 SF Lease For Legal Association
Washington, DC (February 17, 2010)
The American Health Lawyers Association (AHLA) will be moving from 1025 Connecticut Avenue NW back to its early commercial real estate digs at 1620 Eye Street, NW.
The association signed a 10-year, 11,000-square-foot lease on the 6th floor of the building, according to its real estate advisor Studley.
“This is both a nostalgic and cost-effective move for us,” shared AHLA Chief Operating Officer Wayne Miller. “Studley negotiated a lease that will save us 34 percent in total rent costs over the course of our lease term.”
In addition to economics, AHLA selected the building due to its convenient location near the Blue and Red Metro lines in the CBD, building condition, and fit as a full floor tenant.
Studley Executive Vice President Thomas Fulcher and Associate Adam Brecher represented the association in the transaction. Carroll Cavanaugh & Tom Golsen of Jones Lang LaSalle represented the landlord, TF Cornerstone.
1620 Eye Street is a 10-story Class A office building located on Eye Street between Connecticut Avenue and 16th Street, in the heart of the Central Business District. The newly renovated building is less than two blocks from the White House and offers panoramic views of the district.
AHLA plans to move into the new space by May 1, 2010.
About The American Health Lawyers Association (AHLA).
The American Health Lawyers Association (AHLA) is the nation’s largest nonpartisan educational organization devoted to legal issues in the healthcare field. The Association’s 10,000 members practice in a variety of settings in the healthcare community. For information about our resources, publications, and educational offerings, visit www.healthlawyers.org or call (202) 833-1100.
Studley is the only global tenant advisory firm with a pure tenant representation delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com.