Lease for One Franklin Square in Washington, D.C. — The Washington Post today announced it has chosen developer Hines’ One Franklin Square at 1301 K Street NW for its new headquarters.
The Post has signed a long-term lease and will occupy the majority of the West Tower of the property. The Post expects to move to One Franklin Square in 2016.
“After conducting an extensive search led by JM Zell, we found a modern, light-filled building that best meets all of our objectives. The space encourages collaboration and efficiency, which will ultimately help us better serve our customers,” said Katharine Weymouth, publisher and CEO of The Washington Post. “We are thankful to JM Zell for all of their hard work, and are happy to have found another home in the District. We look forward to being here for years to come.”
“One Franklin Square enjoys a prominent presence in the Washington, DC central business district, but it is the tenants that truly make the building great,” said Chuck Watters, Senior Managing Director at Hines. “Adding one of the most prestigious news organizations in the world to the tenant roster is truly an honor for our ownership group. We look forward to working with The Washington Post in the years to come. We would also like to thank JM Zell for their tireless efforts on behalf of The Post and our landlord representative, JLL, for initiating this transaction on our behalf.”
One Franklin Square’s distinctive design and prominent location on Franklin Square make it one of Washington’s most identifiable office buildings. Designed by Hartman & Cox and completed in 1990, One Franklin Square is a 12-story, 625,644-square-foot structure located five blocks northeast of the White House. The property is adjacent to three of Washington’s major thoroughfares (K Street, 13th Street and 14th Streets), allowing easy access to the building from Maryland and Virginia. The building is also one block from the McPherson Square Metrorail Station and four blocks from Metro Center, the hub of the city’s mass transit system. Hines acquired the property in 1996 and has served as property manager since acquisition.