While Douglas Development Corp. Continuing its parade of new projects in Buffalo, the Washington, DC-based company owned by Douglas Jemal is still exploring opportunities in its hometown.
The US Securities and Exchange Commission – which regulates Wall Street and the country’s stock exchanges – announced that it had said, according to Trepp. Will move to a new 1.23 million square foot office complex that Douglas will build in northeast Washington starting next year, LLC and local media. The agency will move from its longstanding home in three buildings called Station Place near Union Station, where it will rent nearly 1.3 million square feet.
The 15-year lease for the so-called Financial Plaza includes a 10-year extension option and purchase options. The new building on New York Avenue in the Washington district of NoMa – north of Massachusetts Avenue – offers space for 4,500 employees. The lease was formally signed by the US General Services Administration, which manages the federal government’s real estate.
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