101 Constitution Avenue Welcomes Nelson Mullins Riley & Scarborough LLP as its First New Prime Tenant Since 2002
An Additional 85,000 Square Feet of Space Soon to be Available
Washington, DC (January 20, 2016)
Nelson Mullins Riley & Scarborough LLP has completed a long-term agreement to lease 60,000 square feet at 101 Constitution Avenue, NW. Nelson Mullins first came to the building as a 4,000 SF subtenant 12 years ago, and has been growing ever since. Nelson Mullins’ new space encompasses the entire 9th floor, including the building’s largest private terrace, as well as a portion of the 8th floor. Both floors offer unparalleled direct views of the US Capitol building and the National Mall. Savills Studley represented 101 Constitution Trust, which is primarily owned by the building’s owner-occupant, the United Brotherhood of Carpenters and Joiners of America.
An additional 85,000 square feet of space on the 6th and 8th Floors will become available between February and May of 2017. As the closest privately owned office building to the US Capitol, with best in class design, operations, amenities and views, 101 Constitution is considered to be the most desirable address in the nation’s capital by many government relations firms, corporations and television studios seeking a prime D.C. location. This award winning, free-standing, trophy office building is the only commercial office building to lease space on Constitution Avenue.
“Without question, 101 Constitution Avenue has some of the most exceptional commercial space available in Washington, DC,” said Vernon Knarr, executive managing director of Savills Studley. “We are pleased to represent the owner occupant with their unique trophy asset.”
Owner-occupier United Brotherhood of Carpenters and Joiners of America, along with property manager Lincoln Property Company, maintain the building to the highest standards. The site has held LEED-Existing Building Silver certification since 2012 and has received Energy Star status every year since 2009. Recent upgrades include new indoor lobby soft seating areas and a new entry vestibule to personalize the grand atrium lobby. The rooftop terrace can accommodate up to 600 guests and features sweeping views of the US Capitol Building and National Mall.
Savills Studley’s Executive Managing Director Vernon Knarr, Managing Director Parker Lange, and Senior Analyst Jeffrey Harps, represented 101 Constitution Trust and the United Brotherhood of Carpenters and Joiners of America throughout the transaction.
About Nelson Mullins
Nelson Mullins Riley & Scarborough LLP provides advice and counsel in litigation, corporate, securities, finance, intellectual property, employment, government relations, regulatory, and other needs of clients ranging from private individuals to large businesses, including many publicly held companies.
With more than 40 diversified practice areas, Nelson Mullins provides creative solutions to legal and business problems while offering value-added service to clients. Many Nelson Mullins clients—including growth companies, expanding local businesses, and major international companies—retain the Firm to provide all of their legal services. Other clients are national companies requiring assistance with specific regional or local legal matters. The Firm also has experience representing international companies interested in locating facilities in the Southeast. Start-up assistance for entrepreneurial endeavors, multi-action litigation defense, and representation of underwriters and investment bankers are only a few of the services that are provided by Nelson Mullins attorneys.
Established in 1897, Nelson Mullins has more than 500 attorneys and other professionals with offices in the District of Columbia, Florida, Georgia, Massachusetts, New York, North Carolina, South Carolina, Tennessee, and West Virginia. For more information on the Firm, go to www.nelsonmullins.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 28 offices in the U.S. and Canada, 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 and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.