WASHINGTON – Transwestern Real Estate Services (TRS) announces Hyman, Phelps & McNamara, P.C. has executed a 19,194-square-foot long-term lease at 1101 K Street NW, a Class A, 305,083-square-foot office building in Washington. Transwestern Executive Vice President Rich Lane and Vice President Tyler Marshall represented the tenant in its relocation to the newly renovated 10-story property from 700 13th Street NW.
“Hyman, Phelps & McNamara has been at its location for over 20 years,” said Marshall. “The decision to relocate was driven by the firm’s desire to both right size and elevate its office space and capitalize on current market conditions by negotiating favorable terms with top concessions.”
1101 K, which delivered an extensive transformation in 2022, features a dynamic lobby, a convertible conference center for 185 people, a collaborative tenant lounge, an expansive fitness center, and a bike room with lockers, showers and towel service. The building is situated in the East End submarket, a short walk to City Center DC and several Metro stations.
“Transwestern’s guidance was invaluable in helping us identify an office that will provide the firm and its clients with an upgraded experience,” said J.P. Ellison, Managing Director at Hyman, Phelps & McNamara, P.C.
Eli Barnes, Greg Tomasso and Lauryn Harris from Avison Young represented the building owner in the transaction.
An image of the property is available for download here.
About Hyman, Phelps & McNamara
Hyman, Phelps & McNamara, P.C. is the largest dedicated food and drug law firm in the country. Niche practices in new drug development, controlled substances, advertising, and health care law complement our core FDA practice. Our knowledge of the laws and regulations governing drugs, medical devices, foods, dietary supplements, and cosmetics is unparalleled in breadth and depth. Due to our broad bench of expertise, the firm is well equipped to defend companies against government enforcement actions and advise clients on necessary compliance efforts. The firm’s clients are as diverse as the regulatory issues they face. They range from individuals and start-up companies with no in-house legal staff to large multinational corporations. In addition, other law firms retain HPM to provide targeted expertise in food and drug law to assist their clients. HPM works to avoid legal problems when possible, and to help solve them when necessary. The firm helps companies conduct business as efficiently and profitably as possible by providing advice and counsel on meeting current and future regulatory requirements.
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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