Coworking Company AdvantEdge Workspaces Signs Lease for 51K SF in DC
By Christina sturdivant-Sani December 11, 2018 2:11 pm
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Coworking and office space provider AdvantEdge Workspaces has signed a lease for 51,268 square feet at Chevy Chase Pavilion in Washington, D.C., according to a press release from Cushman & Wakefield, which represented building owner Clarion Partners.
The 360,000-square-foot pavilion features 205,385 square feet of office space at 5335 Wisconsin Avenue NW, atop the Friendship Heights Metro station, per the release. Asking rents range from $48 to $53 per square foot, according to a C&W spokeswoman, who said AdvantEdge’s lease runs through 2030.
“Chevy Chase Pavilion is a proven location for professional services tenants who prefer a D.C. address within a mixed-use environment more amenable to work-life balance,” Bobby Schwartz, an executive managing director at C&W, said in a prepared statement.
Schwartz along with C&W’s Matt Sullivan and Kirsten Ryan represented Clarion in the transaction. Tony Bolino of CBRE (CBRE) represented the tenant and could not be reached for comment.
AdvantEdge—which has another location in Downtown D.C. at 2101 L Street NW—offers fully spaces for coworkers, furnished private offices, conference rooms, meeting and workroom areas, plus communications, concierge and reception services, per the release. The Chevy Chase location offers an underground parking garage and bike storage, according to the company’s website.
