WASHINGTON, DC – October 12, 2012 – Douglas Development is pleased to announce the selection of Jones Lang LaSalle (JLL) to lease the remaining 53,108 square feet of office space in the former Wonder Bread building, located at 641 S Street NW. Currently under construction, the building will deliver in the 1st quarter of 2013.
The JLL team will be led by Senior Vice Presidents Evan Behr and Doug Mueller.
“We couldn’t be more thrilled to team with JLL to lease part of this historical property. With their extensive knowledge of the DC Real Estate Market, global contacts and relationships, and their ability to attract top-notch tenants, we are confident that JLL will bring in first-rate tenants for this marquee property,” said Douglas Development Principal, Norman Jemal.
WorkSpaces, LLC, an office space and furniture consultancy, committed in March 2012 to become a tenant in the building, pre-leasing 20,817 square feet of office space on the third floor. JLL has been hired to lease the remaining office space.
“JLL will be a solid partner in conveying the revitalization not only of this iconic building, but continuing to spur economic revitalization in the Shaw/U Street neighborhood,” added Jemal.
The renovated Wonder Bread Factory building will feature loft-like office space, with industrial-style skylights and high ceilings, giving the building modern touches with a historical façade and feel. The renovated building will also feature 16,859 square feet of retail space on the ground floor, to be leased by Douglas Development.
About Jones Lang LaSalle Jones Lang LaSalle is a financial and professional services firm specializing in real estate services and investment management. They have more than 40,000 employees in 1,000 locations in 70 countries serving the local, regional and global real estate needs of those clients, growing their company in the process. In response to changing client expectations and market conditions, JLL assembles teams of experts who deliver integrated services built on market insight and foresight, sound research and relevant market knowledge.
About Douglas Development
Douglas Development’s commitment to improving neighborhoods and bringing valued brands to the District is unparalleled. Currently the largest private property owner in the area, Douglas Development attracts and pursues the most sought after tenants, including luxury retailers and upscale restaurants. Douglas Development’s properties in the East End of Washington, DC have served as drivers for the continued growth of the area. Today the East End is known as a destination for shopping, dining, and luxury condominiums in the District.
For press and media inquiries please contact Nicole Alexander at (202) 681-3319 or email@example.com