Grassroots Analytics Doubles D.C. Footprint With 25K-SF Office Lease

Grassroots Analytics has signed a 24,692-square-foot office lease spanning three floors at Arch Square in Downtown Washington, D.C.

The company will more than double its footprint in the city as it relocates to 803 Seventh Street NW, a mixed-use property owned by Swiss real estate investment foundation AFIAA. The transaction brings the building’s office component to 100 percent occupied.

The lease terms and asking rent were not disclosed. Avison Young‘s Greg Tomasso and Macy Parana represented AFIAA in the lease. Sean Balile, Jake Payne and Whitney Huang of Clarity Tenant Representation represented Grassroots Analytics.

“Achieving full occupancy is a meaningful milestone, particularly in today’s office market,” Tomasso said in a statement. “The lease not only strengthens Arch Square’s tenant roster but also demonstrates that demand exists for the right product in the right location.”

The deal comes as D.C.’s office leasing market shows improvement. Leasing volume increased 21 percent in the third quarter compared to the same period last year, according to Avison Young.

Despite reaching full office occupancy, Arch Square still has approximately 25,000 square feet of specialized space available. AFIAA is marketing the space to retailers and prospective tenants that might be considering creative offices, showrooms or other uses.

Gregory Cornfield can be reached at gcornfield@commercialobserver.com.