Akridge and Mitsui Celebrate Groundbreaking at 1200 Seventeenth Street
WASHINGTON, March 26, 2013 /PRNewswire/ -- Akridge, a comprehensive real estate services firm, and Mitsui Fudosan America (MFA), celebrated the initiation of construction on the 168,000 square foot trophy-class office project at 1200 Seventeenth Street.
Speaking at the morning event were Mitsui Fudosan America's CEO, Yukio Yoshida; Pillsbury Winthrop Shaw Pittman's Managing Partner, Christina Kearns; and Akridge's Chairman, John E. (Chip) Akridge, and Senior Vice President, P. Brian Connolly.
"This groundbreaking underscores the strength of the Washington real estate market and our city's economy. The coming together of Mitsui Fudosan America, Pillsbury, and Akridge demonstrates that true professionals, working together, will create the trophy-quality office building that Washington deserves," noted P. Brian Connolly.
The site marks the future home of law firm Pillsbury Winthrop Shaw Pittman LLC, the majority Client that signed a lease for 105,000 square feet in January, 2013. The LEED Platinum-targeted building is scheduled for delivery in the fourth quarter of 2014. With 63% of the building pre-leased, four floors of the building totaling nearly 60,000 square feet remain available for lease.
The boutique, trophy-class office building will feature contemporary finishes with column-free Client space, efficient floorplates, floor-to-ceiling glass, and state-of-the-art amenities including a full service Client-only fitness center, a green roof with entertainment space, bike storage and changing facilities, and ground floor retail.
Zimmer Gunsul Frasca Architects LLP is the project architect, and Balfour Beatty will serve as general contractor.
Akridge is a comprehensive real estate services company that provides acquisition, development, construction management, asset management, property management, leasing, and consulting services.
Founded in 1974, the company has acquired or developed more than 12 million square feet of commercial space and currently manages four million square feet throughout the DC area. The industry's foremost benchmarking firms, CEL & Associates and Kingsley Associates, have ranked Akridge as a top performing real estate firm in the country for Client satisfaction. Akridge is committed to sustainable development and practices, and has been recognized as an Energy Star Top Performer and Partner of the Year. The company has also been honored with the National Capital Business Ethics Award and recognized as the Best Place to Work in Greater Washington by the Washington Business Journal. For more information, please visit www.akridge.com.
About Mitsui Fudosan America
Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York, NY. MFA is the U.S. subsidiary of Mitsui Fudosan Co., Ltd., Japan's largest publicly quoted real estate company. MFA's history in the U.S. markets dates back to the early 1970's and includes the acquisition and redevelopment of the renowned Halekulani Hotel in Waikiki, Hawaii, with additional investments in San Francisco, Los Angeles, Washington, D.C., Chicago and New York. MFA's flagship commercial property is located at 1251 Avenue of the Americas in New York, one of the city's most prestigious business addresses. In 2012, MFA acquired an 80% interest in the Homer Building and a 95% interest in 1200 Seventeenth Street, both in Washington D.C.
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