Clements Worldwide Relocates Its Growing Headquarters to 1301 K Street NW
Savills Studley represents global insurance solutions provider during lease negotiation
Washington (February 10, 2016)
Global insurance solutions provider Clements Worldwide has relocated its Washington, DC office to 1301 K Street NW, in a move that directly reflects its rapid growth internally and further positions the company as a leader in the industry. Savills Studley, the leading commercial real estate services firm specializing in tenant representation, completed the transaction of the 21,000-square-foot lease on behalf of Clements Worldwide.
Clements Worldwide’s continued expansion paired with the executive team’s desire to upgrade its headquarters to a more sophisticated and upscale location, prompted the move to One Franklin Square, located just two blocks from its previous address. The interior of the space was newly constructed and sits at one of the highest points in Washington DC on the 12th floor at the top of 1301 K Street NW with direct views of Franklin Park. The geometry of the new floorplate is more efficient and modern in its design than the company’s previous space and aligns perfectly with the firm’s plans for further expansion. Additionally, the amenities at One Franklin Square, including a tenant-only fitness center, newly constructed rooftop terrace and conference facility made it the ideal fit.
“We have doubled in revenue growth over the past five years and have aggressive targets for the next five. We needed a new space that would complement that growth,” said CFO, Tarun Chopra of Clements Worldwide. “One important element of that is there is now room for more staff and an open floor plan to encourage collaboration. Equally important, we needed space to accommodate client interaction given our current size and stature, as well as meetings with underwriters. We support many of DC’s leading humanitarian aid organizations, the State Department and USAID, contractors for those agencies, and more. So we required a location that was close to and best served our diverse and growing customer base.”
Savills Studley’s Executive Managing Director Ben Plaisted and Corporate Managing Director Greg Scheipers represented Clements Worldwide throughout the transaction.
“It has been a pleasure working with the leadership team at Clements Worldwide on this very exciting project,” said Plaisted. “We are pleased that we were able to secure efficient space for the company’s new headquarters that will accommodate it for many years to come.”
About Clements Worldwide
Clements Worldwide is a leading insurance provider for expatriates and international organizations. Founded in 1947, Clements offers international car, property, term life, health, specialty and high-risk insurance in over 170 countries. With offices in Washington, D.C., London, and Dubai, Clements delivers comprehensive coverage, superior customer service, and unparalleled claims response. To learn more and quote online, visit www.clements.com.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals in over 60 countries around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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