Your Name on a Room
For Only $50,000
For sale: two freshly painted rooms in the Washington DC Marketing Center.
The five-year-old nonprofit group, which promotes economic development in the District, is seeking corporate sponsors to buy the naming rights for spaces in its new headquarters at the corner of 15th and F Streets NW.
Nixon Peabody LLC has already snatched up a small conference room for $30,000. Two lawyers at the firm, both of whom represent real estate developers in the region, are on the center's board.
"We think its important to help them in anyway we can," said Debra D. Yogodzinski, a Nixon Peabody lawyer and marketing center board member.
A larger conference room and a showroom, each with 22-foot ceilings, remain up for grabs, for $50,000 each.
"They are very grand spaces," said Michael G. Stevens, the marketing center's president. The center is talking with companies about buying naming rights to the two rooms but none has made a commitment, he said.
The District supplies about 60 percent of the center's $2.1 million budget. The rest is donated by companies such as Pepco Holdings Inc, Verizon Communications Inc. and PricewaterhouseCoopers LLP.
The marketing center's 10 employees are to move into the new offices tomorrow. Previously they shared cramped quarters with the D.C. Chamber of Commerce on K Street NW.
Stevens called the new office "a real milestone" for the center, which organizes meetings between retailers and District leaders and publishes promotional materials about sites available for development.
The new offices will give the group more space for seminars, business meetings and news conferences. "This allows us to more effectively market the District," Stevens said.
-- Michael Barbaro