Law Firm Renews 103 KSF Lease in DC

Lafayette Tower. Image courtesy of Stream Realty Partners

Law firm Fried Frank has renewed its lease at Washington, D.C.’s Lafayette Tower, extending its presence at the property through 2037. The firm is the primary tenant of the 325,000-square-foot building, occupying nearly 103,000 square feet on the fifth through eighth floors.

Stream Realty Partners represented the landlord, an affiliate of Morgan Stanley Real Estate Advisor, while CBRE assisted the tenant.

Lafayette Tower opened in 2010 at 801 17th St. NW, being one of only two LEED Platinum-certified office buildings in the U.S. at the time. Fried Frank was among its original tenants.

The 11-story building is currently undergoing renovations, with Stream’s Washington office working with the property owner to update amenities, including the fitness center and the rooftop. New features will include an indoor lounge and event space, bar area and catering kitchen.

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The property is 90 percent leased, with a number of speculative suites ranging from 3,900 to 8,000 square feet currently available. Its tenant roster includes Promontory Financial Group and ICANN, among others, according to CommercialEdge information.

Centrally located in Washington’s CBD, Lafayette Tower is just north of Lafayette Square and The White House. The property is less than 1 mile south of an office development that will be, when complete, the first SmartScore-certified building in North America.

The Stream Realty Partners team comprised Executive Managing Director & Partner Kyle Luby together with Managing Directors Matt Pacinelli and Andy Eichberg. CBRE Vice Chairman Craig Reicher, Executive Vice President Chau Leung, First Vice President Mark Minich Jr., Vice Chairman Tim Dempsey, Executive Vice President Ramneek Rickhy and Chairman Stephen Siegel represented Fried Frank.