Press Release
TCC Inks 100,000 SF with Federal Election Commission
October 18, 2016
Media Contact
Cynthia Langhorst
Global Head of Communications
Welcomes First Tenant at Sentinel Square II
WASHINGTON, DC – Trammell Crow Company (TCC) and joint venture partners, Cottonwood Partners and a subsidiary of a private real estate fund advised by Crow Holdings Capital – Real Estate, have signed a long-term lease for nearly 100,000 square feet with the Federal Election Commission at Sentinel Square II, located at 1050 First Street, NE in Washington, DC. The Federal Election Commission will occupy the top four floors of the building in November 2017.
“After having survived a historically anomalous low level of federal leasing in recent years, we are thrilled to have worked with GSA, JLL and FEC to provide a modern and efficient work space from which FEC can execute its critical mission,” said Thomas Finan, a managing director in TCC’s MidAtlantic office, “all while saving the federal government and American taxpayer significant dollars over the life of the lease.”
Sentinel Square II, part of the partnership’s 1.3-million-square-foot, multi-phase, Class A office development located in the heart of Washington, DC’s popular NoMa submarket, features 280,000 square feet. The building is designed to meet Level IV security protocols and is LEED® Silver, under US Green Building Council’s LEED for Building Design and Construction: Core and Shell Development.
John Mowery and Eric Roberts of GSA and Jae Lee and Will Ruppe of Jones Lang LaSalle represented the tenant in the transaction
Sentinel Square II is part of Trammell Crow Company’s “highly secure, environmentally friendly, efficient and affordable” office development program.
About Crow Holdings Capital Partners, L.L.C. (“CHCP”)
Beginning in 1998, Crow Holdings (the predecessor to CHC-RE) sponsored the first of ten real estate private equity funds. Over the past 18 years, the funds have raised over $6.7 billion in equity commitments including over $850 million in equity commitments from Crow Family Holdings. Outside investors include endowments, foundations, public and private pension funds, financial institutions and high net worth individuals. The funds have actively acquired existing properties and development parcels of all types, both independently and with operating partners. As of June 30, 2016, these real estate funds have acquired or developed nearly $17.5 billion in assets comprised of approximately 88 million square feet of industrial and self-storage, over 14.6 million square feet of retail, approximately 9.4 million square feet of office, approximately 36,800 multi-family units, 541 convenience & gas stores, over 8,900 hotel rooms and approximately 7,700 acres of lot development. For additional information, please visit www.crowholdingscapital-re.com.
About Cottonwood Partners
Cottonwood Partners is a real estate investment, development, and management organization, with its principal office in Cottonwood Heights, Utah. Cottonwood’s portfolio has been as large as 6 million square feet of commercial space with project values in excess of $2 Billion. Cottonwood is active in markets where there is strong employment and population growth, which includes Texas, California, Utah, Washington DC and Florida. Cottonwood’s investment partners include high net worth individuals, private equity firms and public pension funds. Cottonwood is the advisor for the Utah State Retirements Systems' investment in the Sentinel Square project.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of June 30, 2016, TCC had $7.1 billion of projects in process and $3.0 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.com.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.