December 22, 2017
Washington – Transwestern today announces CAQH, a nonprofit alliance focused on technology solutions that simplify business processes in healthcare, signed a 36,702-square-foot lease at 2020 K St. NW. This move provides the needed office space to meet the needs of this rapidly growing organization. Transwestern’s Joe Michel, Tom Hilley and Scott Fetterolf represented the building owner, LaSalle Investment Management (LIM), in the transaction.
“2020 K St. recently underwent a full renovation of the lobby and common areas. In addition, LIM is currently renovating and expanding the fitness center and will be adding a new conference facility, along with a new tenant lounge to be completed in mid-2018,” said Michel. “These renovations and new amenities, along with the 9.5-foot finished ceilings and floor-to-ceiling glass on the ninth floor, were major draws for CAQH. They were particularly pleased with the lack of barriers in the open floor plan, which will enable the kind of collaborative space that employees need in this technology-focused organization. 2020 K St. also accommodates their growth while maintaining the same Central Business District area location.”
CAQH was represented by Cushman & Wakefield’s Michael Katcher and John Skolnik. Currently located at 1900 K St. NW, where it occupies just over 17,000 square feet, CAQH will move into its new space at 2020 K St. NW in summer 2018.
In the past 12 months, the Transwestern team has leased more than 127,000 square feet at 2020 K St., with other transactions including JLL’s lease for 70,651 square feet and law firm Bookoff McAndrew’s lease for 20,000 square feet.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.