In this seven-year transaction, West, Lane & Schlager Principal Richard Lane and company Senior Vice President Matthew Levin, SIOR, LEED AP, represented The Cochran Firm, one of the nation’s largest personal injury law firms.
Lane and Levin showed their client a wide variety of alternatives throughout the Washington area to consider for its local office; ultimately, according to Levin, remaining at 1100 New York Ave. NW proved the best option for the law firm.
“We’re excited to have completed this 10,212-square-foot deal for The Cochran Firm at 1100 New York Ave. NW, which allowed our client to convert its expiring sublease into a new prime lease,” he says. “We secured for The Cochran Firm extremely favorable terms – locking in a lower rental rate and obtaining other concessions from the landlord that provide for significant improvements to the space, which are presently under way.”
Adds David Haynes, The Cochran Firm’s Managing Attorney, “We are looking forward to continuing to provide excellent service to our personal injury and medical malpractice clients in our newly renovated offices. Thank you to West, Lane & Schlager Realty Advisors for helping us better serve our clients.”
Toronto-based Manulife Financial owns the Class-A, 469,261-square-foot property at 1100 New York Ave. NW, which features an executive fitness center, a four-level underground parking garage, a rooftop terrace, and numerous restaurants and retailers.
About West, Lane & Schlager Realty Advisors, LLC:
Washington, D.C.-based West, Lane & Schlager Realty Advisors, LLC is a leading commercial real estate brokerage firm that exclusively represents tenants in the Washington, D.C. Metropolitan Area. Clients of West, Lane & Schlager include professional services companies such as law firms, as well as nonprofit organizations and trade associations. Services provided by West, Lane & Schlager are tenant representation, investments, construction management, strategic planning, and operating-expense reviews. For more information on West, Lane & Schlager, please visit www.wlsrealty.com.