Tuesday, March 10, 2009

Non-GSA Tenants Moving to SW...Welcome!

The WBJ reports today that the Association of American Railroads (AAR) will lease 33,619 SF of space at Capitol View, a 317,000 SF office building that delivered in early 2008. I guess it's fitting that AAR's office may have a view of the Amtrak and freight trains that pass next to Capitol View, since this association represents the interests of both groups up on the Hill. In addition to AAR, a lobbying firm and a third tenant will make 425 3rd Street 15% occupied. Clark developed and local architect Shalom Baranes designed Capitol View, billed as a trophy class A office building with views of...you guessed it...the Capitol. GSA typically doesn't move into trophy buildings, and since Southwest has a reputation of attracting government agencies, it must have been especially difficult to find non-government tenants. Now that the building will no longer be empty, maybe some of the ground-level retail space can get leased! (The above photo of the empty ground-level retail space at Capitol View was taken in June 2008)

Update: In Wednesday's Real Estate BizNow, it states that lobbyists for Disney (zippity-do-da!) is one of the tenants that will move into Capitol View this fall.

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