WASHINGTON, DC – December 18, 2012 – Douglas Development is pleased to announce the
signing of four new tenants to their downtown portfolio in fourth quarter of 2012: The New
Republic, Taylor Gourmet, FutureGen Capital and Fastcase, Inc.
The New Republic, a globally recognized bi-weekly news magazine and website brand, will be
leasing a portion of the 5th floor, as well as the entire 6th floor of Douglas’s 525 9th Street NW
property. This lease will grant The New Republic a total square footage of 10,019 for the next 10
Taylor Gourmet, a fast growing Italian deli selling hoagies and market goods, has leased the 624
E Street NW retail space comprising 1,500 square feet. This is also a 10 year lease term.
Additionally, FutureGen Capital, a local D.C. lending company that currently has offices on
Connecticut Avenue, has signed a 5 year lease agreement with Douglas and will be moving into
the 4th floor of 1424 K Street NW.
Finally, Fastcase, Inc., an online legal research service, has leased the 4,517 square foot 2nd floor of 711 D Street NW, as well as the 2nd floor mezzanine. With this signing Fastcase will move into the old Union Hardware building, which is one of several renovated historical properties that Douglas Development owns. This agreement also carries a 10 year lease term.
“We couldn’t be more excited about the mix of tenants, their globally and regionally recognized
brands, and their decision to locate in our buildings,” said Douglas Development Principal
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.