WASHINGTON – Transwestern Real Estate Services (TRS) announces the Center for International Private Enterprise (CIPE) has executed a 20,375-square-foot lease to relocate its headquarters to Franklin Tower, a Class A, 226,530-square-foot office building at 1401 I Street NW in Washington. Transwestern’s Ganon Rich and Eric West provided strategic planning, workplace strategy, tenant representation, and project management services to the nonprofit, facilitating a 15-year lease.
“As CIPE’s real estate partner for over 20 years, we understood the organization’s vision and business goals,” said Rich. “This strategic move enables CIPE to increase its organizational effectiveness by consolidating onto one floor while reducing its annual office space costs by more than 30%.”
Franklin Tower is conveniently situated next to Franklin Park in Washington’s East End submarket, minutes from McPherson Square metro station and surrounded by shopping, entertainment and lodging. The 12-story property features a spacious rooftop deck, expansive views and abundant natural light. Recently renovated, the building’s amenities include a new conference center, tenant lounge and fitness facility and first-floor retail. Notable tenants include Anheuser-Busch Companies, HSBC, Mastercard and Polsinelli PC.
“Franklin Tower’s elevated office environment and exceptional amenities, including the ability to host large meetings in the new conference center, were key factors in CIPE’s decision,” said West. “Furthermore, the property is within two blocks of the nonprofit’s three major partner organizations.”
CBRE’s Mark Klug represented the building owner in the transaction.
An image of the property is available for download here.
About the Center for International Private Enterprise (CIPE)
The Center for International Private Enterprise (CIPE) is a global organization that works to strengthen democracy and build competitive markets in many of the world’s most challenging environments. Working alongside local partners and tomorrow’s leaders, CIPE advances the voice of business in policymaking, promotes opportunity, and develops resilient and inclusive economies.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
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