Kelley Drye Reduces Office Footprint in DC
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Kelley Drye & Warren has joined the ranks of other major law firms in the Washington, D.C. area in reassessing its office space needs: The firm will move out of its workspace in the city’s Georgetown neighborhood and take up 65,000 square feet at The Wharf — an 11-story building along D.C.’s waterfront that was developed by Hoffman & Associates and Madison Marquette.
The deal marks a significant downsizing for Kelley Drye & Warren as its current premises at 3050 K St. NW totals 107,000 square feet. At the Wharf — which is located at 670 Maine St. — the firm will occupy the entire fifth and sixth floors, in addition to half of the seventh floor. The relocation is scheduled to be completed by 2025.
“The hardest part now will be the wait while we design and build out this terrific space,” Kelley Drye’s Alan Luberda said.
CBRE’s Amy Bowser brokered the deal on behalf of the landlord, while Cushman & Wakefield’s Malcolm Marshall negotiated on behalf of the tenant.
Designed by a team consisting of HYL Architecture, SHoP, and WDG Architecture, The Wharf is part of a two-phase, $3.6 billion project that consists of a combined 523,770 square feet of prime Washington, D.C. office space at 680 and 670 Maine St., as well as residential, hotel and retail space across the waterfront.
Both buildings were completed last year and have already secured major lease deals with law firm Williams & Connolly being among the first to sign on for 290,000 square feet at 680 Maine St. in the opening months of 2023. The tenant roster also includes Pharmaceutical Research and Manufacturers of America, which will occupy 76,000 square feet on the eighth, ninth and 10th floors at 670 Maine St.
For more Washington, D.C. listings and top-tier office properties across all major U.S. markets, visit CommercialCafe.com:
Last modified: October 4, 2023
About the Author / Diana Sabau
With years of intense research on the U.S. commercial real estate market at Yardi Matrix, Diana is currently putting her experience to use by writing for several Yardi blogs. She covers CRE investment, job market trends and tech. Her work has been featured in the New York Times, GlobeSt, The Real Deal, NAIOP, MSN and Bisnow.
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