ATR NEWS....
FOR
IMMEDIATE RELEASE
October 2005
AKIN
GUMP STRAUSS HAUER & FELD LLP SIGNS 290,000 SF 10-YEAR
RENEWAL AT 1333 NEW HAMPSHIRE AVENUE, NW
Washington,
DC – Akin Gump Strauss Hauer & Feld LLP, one of the
world’s leading law firms, today announced it has signed
a long-term renewal of its 290,000 square foot lease with Boston
Properties at 1333 New Hampshire Avenue, NW. The transaction
is believed to be one of the largest private sector transactions
in Washington so far this year.
Akin Gump
will continue to lease the entire office portion of the building
under the ten-year extension. The building underwent major
renovations in 1999 and 2000, and additional building upgrades
are planned as part of the renewal.
Bruce
McLean, Chairman of Akin Gump, said “We opened our DC office
more than 30 years ago with only two attorneys. Now we have
close to 300 attorneys in our New Hampshire Avenue office.
We are proud to continue to grow and thrive in the Robert S.
Strauss building in the heart of our nation's capital”.
Raymond
Ritchey, Executive Vice President at Boston Properties, added, “We
are pleased and honored to have our relationship with Akin
Gump continue for many years to come. From a professional perspective,
we have great admiration and respect for Akin Gump and the
status the firm has attained as one of the most accomplished
law firms in the world. We are pleased that Akin Gump has put
their trust in Boston Properties and 1333 New Hampshire Avenue
to facilitate Akins’s operational objectives and provide
their attorneys and staff a working environment consistent
with the image and reputation of the firm”.
Akin
Gump was represented in the site selection and negotiation
process by Eric Berson, Chairman of Washington Realty Group,
Inc. and founding member of ATR (the alliance of Tenant Representatives). Mr.
Berson said, “After completing a competitive process,
renewing at 1333 New Hampshire Avenue ultimately made sense
for Akin Gump from both a financial and operational standpoint.
Once the decision was made to renew, the negotiations were
handled in a very expeditious and collaborative way in order
to create a win-win transaction.”
About
Akin Gump
Founded
in 1945, Akin Gump Strauss Hauer & Feld LLP, is a leading
international law firm; numbers more than 900 lawyers with
offices in Austin, Brussels, Dallas, Houston, London, Los Angeles,
Moscow, New York, Philadelphia, Riyadh (affiliate), San Antonio,
San Francisco, Taipei and Washington, DC. The firm has a diversified
practice and represents regional, national and international
clients in a wide range of areas including antitrust, appellate,
banking and finance, capital markets, communications and information
technology, corporate and securities, corporate governance,
employee benefits, energy, entertainment and media, environment,
estate planning, wealth transfer and probate, financial restructuring,
global security, government contracts, health, insurance, intellectual
property, international trade, investment funds, labor and
employment, land use, litigation, mergers and acquisitions,
private equity, privatization, project development and finance,
public law and policy, real estate development and finance,
Russia/CIS, tax, and technology.
About
Boston Properties
Boston Properties,
a self-administered and self-managed real estate investment
trust, is one of the largest owners, managers, and developers
of first-class office properties in the United States, with
a significant presence in four core markets: Boston, Washington,
D.C., Midtown Manhattan and San Francisco. The Company was
founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde
in Boston, where it maintains its headquarters. Boston Properties
became a public company in June 1997. The Company acquires,
develops, and manages its properties through full-service regional
offices in Boston, New York City, Washington,
D.C., San Francisco, and Princeton, New Jersey. Its
property portfolio is comprised primarily of first-class office
space and also includes three hotels and one industrial building.
Boston Properties is well-known for its in-house building management
expertise and responsiveness to tenants' needs. The Company
has a superior track record in developing Class-A, Central
Business District office buildings, suburban office centers
and build-to-suit projects for the U.S. Government and a diverse
array of high-credit tenants. Visit our website at www.bostonproperties.com.
For
More Information,
Contact:
Eric Berson
Washington Realty Group
650-469-0800
eberson@wrginc.com
www.wrginc.com |