Leases  ·  Office

PwC Signs 182K-SF Lease at Downtown DC’s 655 New York


Professional services firm PricewaterhouseCoopers has signed a 182,316-square-foot lease at Douglas Development and Brookfield (BN) Properties’ 655 New York Avenue NW in downtown Washington, D.C.

The accounting, consulting and tax services firm signed a 15-year lease at the space, according to Terri McClements, PwC’s managing partner of the Mid-Atlantic. 

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PwC plans to move into its new space in the spring of 2021, consolidating two current offices in the District. The firm, which employs nearly 2,600 local employees, plans to house its commercial practice and national tax practice in the building. 

“The location and the building itself is energizing; there’s a lot of development in the area, and it fits really well with PwC’s strategy focusing on the impact that technology and digitization have on ourselves, our clients and the world around us,” McClements told CO. “This space, as we toured available options down there, has an energy as soon as you walk into the lobby, and it’s a space we can really envision bringing our ‘New World. New Skills’ digital strategy to life.” 

Situated in the heart of the greater D.C. metro area, 655 New York is an 11-story glass office building created from a combination of 19 historic buildings on a triangle-shaped block between New York Avenue, 7th and L Streets in the city’s Mt. Vernon Square. It offers a total of 756,000 square feet — 678,000 square feet of office space and 79,000 square feet of retail. CO reported the building came online earlier this year.

“It’s in an area where there is a lot of development, and also access to the Metro, with three points in and out, which was important to us,” McClements said. “It also fit well for our people to enjoy ‘Be Well Work Well’, where our people can focus on themselves from a health and well-being perspective. Those kinds of amenities were available either in the facility or around the facility.”

Other notable tenants at the property include The Capital Burger, Compass Coffee and Jeremiah Langhorne Restaurant.