SEC Headquarters Lease
FOR IMMEDIATE RELEASE
Washington, D.C., May 30, 2001 On May 29, 2001 the Securities and Exchange Commission selected a new location for its Washington, D.C. headquarters. The new site will be on the corner of F and 2nd Streets, NE, adjacent to Union Station and the Thurgood Marshall Building. Under the lease agreement, Louis Dreyfus Properties, LLC, of New York will develop and construct the building, referred to as Station Place. The architecture firm of Kevin Roche John Dinkeloo and Associates, also of New York, designed Station Place. The lease is for approximately 650,000 rentable square feet and is for a fourteen year term. For the entire term of the lease the SEC will pay a flat rate in the low $40 range per rentable square foot.
The procurement, awarded after a full and open competition, provides a long-term lease to continue the SEC's tenancy in the District of Columbia. The SEC currently has employees in two locations in the District of Columbia, at 450 5th Street and 901 E Street, NW. The Station Place facility is large enough to house all SEC employees working in the District and will ease current overcrowding. The building is not yet under construction and is scheduled for occupancy in approximately three years.
Spaulding & Slye Colliers represented the SEC in the competition, through a Memorandum of Understanding with the General Services Administration, National Capital Region.