Water Tech Company Xylem Sets Up Shop at DC’s Lumber Shed
By Keith Loria July 28, 2021 3:04 pm
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Xylem, a water technology company, has signed a 17,000-square-foot lease at the Lumber Shed, an adaptive reuse of an historical Navy Yard industrial building.
Located at 301 Water Street SE, just blocks from the U.S. Capitol in Washington, D.C.’s The Yards neighborhood, the building is a two-level, iconic, glass structure that was originally occupied by the property’s owner, Brookfield (BN) Properties. Xylem will be moving in this fall.
The building is Xylem’s first D.C.-based property, and will be utilized for continued collaboration and innovation in the water sector, with some space dedicated to company offices for D.C. leaders.
“Xylem is already familiar with our neighborhood from their extensive work with DC Water, so The Yards is a natural fit for them,” Toby Millman, Brookfield Properties’ senior vice president of development, said in a prepared statement. “This is a prime opportunity to partner with a leading water technology company in our vibrant community, and in the fitting setting along the shores of the Anacostia River.”
The retail component of the building includes restaurants Agua 301, Osteria Morini, Due South and Ice Cream Jubilee.
Currently in Phase II, The Yards will be the largest waterfront development in the D.C. region, encompassing 48 acres, including six acres of water frontage, and a total of 2 million square feet of office space, 400,000 square feet of shopping and dining space, 3,400 residential units and 7.5 acres of public green space.
“With our proximity to the federal government, the most highly educated workforce in the nation, and our region flush with research institutions, the District of Columbia is the premiere location for companies ranging from industry leaders to start ups,” John Falcicchio, deputy mayor for planning and economic development, said in a prepared statement. “Xylem’s presence at the Yards will only add to our unmatched business ecosystem.”
JLL (JLL) represented Brookfield Properties in the deal, while Cushman & Wakefield (CWK) handled it for Xylem.
