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The Meridian Group Leases 97000 SF Office At 1400 L St NW, Washington

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LEASED

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LEASED

The Meridian Group Leases 97000 SF Office At 1400 L St NW, Washington

1400 L St NW, Washington, DC, 20005

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Office97,000 SF
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Summary

Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:97,000 SF
Transaction Type:Lease

Located at 1400 L St NW, Washington, DC, 20005, the 97,000-square-foot office space at The Aleck has been leased by software and digital services company Enovational. The building is a 12-story office building named after Alexander “Aleck” Graham Bell, with Enovational leasing the entire 7th through 12th floors.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Landlord: The Meridian Group
  • Landlord's Representative: Mark Klug from CBRE
  • Tenants: Enovational
  • Square Feet: 97,000
  • Tenants' Representative: Tim McCarty and McKay Elliott from Akridge

Enovational, a software and digital services company based in Washington, is set to relocate its offices from 1101 K Street NW to The Aleck at 1400 L St NW. In the upcoming move scheduled for next spring, CEO Vlad Enache expressed excitement about the collaborative spaces the new office will offer, including specialized areas like training spaces, war rooms, user testing labs, scrum areas, library rooms, phone and pairing booths, wellness rooms, and game rooms.

Players

Mark Klug
1 deal(202) 207-8711
BROKER

LANDLORD

Details

LEASED
IMAGE: 1400 L St NW, Washington, DC, 20005 MARKET: Washington ASSET TYPE: Office LANDLORD'S REP: Mark Klug(CBRE) LANDLORD: The Meridian Group SQUARE FEET: 97000

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Deal Type
Effective Rent (Annual)

$5,559,981.47

Total Lease Value

$55,599,814.66

Net Landlord Cash Flow$5,559,981.47