SYS-CON MEDIA Authors: Pat Romanski, Nikita Ivanov, Yeshim Deniz, Elizabeth White, Sean Houghton

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Akridge Inks Largest Lease In NoMa This Year With NeighborWorks America

National Housing Non-Profit Plans Move to NoMa's 999 North Capitol Street

WASHINGTON, Dec. 21, 2012 /PRNewswire/ -- Akridge, is pleased to announce a lease agreement with housing and community development non-profit NeighborWorks America at Union Square in 999 North Capitol Street, NE, in the NoMa submarket. 

(Logo: http://photos.prnewswire.com/prnh/20120827/PH63451LOGO )

It is the largest private-sector lease signed in the NoMa submarket this year. The national organization will relocate its headquarters office from 1325 G Street, NW in Washington's East End neighborhood to NoMa. Taking 64,669 square feet, the organization will occupy the entire top (ninth) floor and a portion of the eighth floor in the northern-most building of the Union Square complex. The 10-year lease will commence on June 1, 2013.

"NoMa, which has experienced such a rapid transformation into a vital mixed-used community, represents the perfect location for NeighborWorks in light of our mission," said Eileen Fitzgerald, CEO of NeighborWorks.

"This is more great news for NoMa," said NoMa Business Improvement District President Robin-Eve Jasper. "We are pleased to be the location of choice for a terrific and important organization like NeighborWorks. This deal demonstrates again the vitality and attractiveness of NoMa to leading edge institutions. "

"NeighborWorks is a fantastic addition to the client roster at Union Square," said Akridge Senior Vice President P. Brian Connolly. "This organization does important work through an extensive national network of offices. This new Union Square location will provide superior access via the transit options at nearby Union Station."

The Union Square office complex is located in the heart of Washington's NoMa neighborhood. The two freestanding buildings each represent approximately 300,000 square feet of rentable space and feature floor-to-ceiling glass on all sides. Recent building renovations include newly designed and modernized entryways, lobbies, elevators and restrooms, as well as enhanced security features and a full-service fitness center. Plans for an on-site cafe and fully renovated plaza are currently underway. 

About Akridge
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, has ranked Akridge the number one real estate firm in the country for Client satisfaction, among firms of similar size, ten times since 1999. 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 has been recognized as the Best Place to Work in Greater Washington by the Washington Business journal. For more information, please visit www.akridge.com.

About NeighborWorks
For nearly 35 years, NeighborWorks America has created opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated more than $19.5 billion in reinvestment in these communities. NeighborWorks America is the nation's leading trainer of community development and affordable housing professionals. For more information, please visit www.nw.org.

SOURCE Akridge

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