Savills Relocates DC Office
Savills is relocating its Washington, D.C., office to 600 13th St. NW, with the signing of a 20,116-square-foot lease. The building’s owner is Germany-based fund manager Union Investment, represented in the U.S. by Metzler Realty Advisors.
Savills’ current D.C. office is at 1201 F St. NW, a block away from the new space. The firm is expected to begin its relocation to the eighth floor at 600 13th St. NW in September.
According to CommercialEdge, the 236,000-square-foot, Class A building was developed in 1998. The 12-story property takes up the entire block between F and G streets in the business district of downtown D.C. Amenities include a lounge, a fitness center with a yoga studio and showers, a rooftop terrace and a game room.
Savills’ new office will support its employees with a collaborative space that fosters a hybrid workplace model. The new space will also improve client engagement and serve as a venue for events with industry partners and other professionals within the community.
LISTEN TO: Step Into My Office: ‘Wait and See’ for DC?
The building also features a retail component, with tenants including Ann Taylor, Mastro’s Steakhouse and Bluestone Lane Coffee. Other building tenants include MetLife, Chevron and Children’s Hospital Association, according to CommercialEdge. The location benefits from its proximity to the Metro Center, and the White House is a half mile away.
CBRE’s EVP Phillip Thomas, Senior VP Joe Coleman, First VP Lara Nealon and VP Brittany Gosnell represented Union Investment and Metzler in the lease transaction.
A few streets over from the building, Brookfield Properties has recently sold the Victor Building at 750 Ninth St. NW. The company purchased the asset in 2005 and managed it for two decades before selling it for $153 million to Rockwood Capital. Rockwood obtained a $113.4 million loan from Deutsche Pfandbriefbank AG of Garching, Germany to secure the asset.
Savills’ international expansion
Earlier this year, Savills has entered a new partnership with Caribbean Real Estate Services, a Puerto Rico-based tenant advisory firm.
This partnership enhances Savills’ network and its ability to advise clients that have a presence in the Puerto Rico region. In 2025, the commercial real estate market in Puerto Rico is expected to reach more than $80.5 billion, before seeing a slight decline in the following four years.
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