Skanska Expands Presence with New 14-Year Office Lease Agreement
Skanska Signs a Long-Term Lease for 17xM Office Building
Skanska has secured a substantial 14-year lease for approximately 5,100 square meters of office space in its 11-story building known as 17xM. This deal solidifies the momentum Skanska has been experiencing in its leasing efforts within the commercial property sector.
Details of the Lease Agreement
Located in Washington, D.C., this lease is set to be finalized and booked in the second quarter of 2025. Impressively, with this agreement, 81 percent of the office space at 17xM is now leased. The anticipated occupancy date for the new tenant is scheduled for June 2026, indicating a significant stride towards achieving full occupancy at this prime location.
Expansion and New Tenants
This latest agreement marks the fourth lease for the 17xM office building. The growing interest in this location reflects the ongoing trend of demand for high-quality office spaces in urban environments. In addition to the office leases, a portion of the retail space on the ground floor will feature the acclaimed Japanese restaurant, Uchi, which has received the prestigious James Beard Award.
A Glimpse at 17xM's Features
The 17xM building itself is a showcase of modern architecture, located at the intersection of 17th Street and M Street Northwest. Spanning 31,000 square meters, this trophy office space is designed with a K-shaped floorplate, allowing for highly customizable layouts that can cater to diverse business needs. Among its many enhancements, the building boasts D.C.'s largest green exterior wall, a rooftop terrace, and a premium gym equipped with spa-style lockers. Additionally, there is a private vehicular layby for easy access, making it an attractive option for prospective tenants.
Contact Information
If you require more information regarding this lease or Skanska’s operations, please reach out to:
Christopher Westley, SVP Strategic Services, Skanska Commercial Development USA, tel +1 857 472 4619
Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94
Direct line for media inquiries, tel +46 (0)10 448 88 99.
Looking Ahead
This development is part of Skanska's broader strategy to expand its footprint in key metropolitan areas while providing state-of-the-art facilities to meet the evolving demands of businesses. As organizations increasingly seek modern, sustainable work environments, the leasing of spaces like 17xM positions Skanska favorably in the market.
Frequently Asked Questions
What is the size of the office space leased by Skanska?
The leased space covers approximately 5,100 square meters in the 17xM building.
When is the expected occupancy date for the new tenant?
The tenant is expected to occupy the office space in June 2026.
What notable restaurant will be featured in the 17xM building?
The renowned Japanese restaurant Uchi, awarded by James Beard, will occupy part of the ground-floor retail space.
What amenities does the 17xM building offer?
Amenities include the largest green exterior wall in D.C., a rooftop terrace, premium gym, and customizable office layouts.
Who can be contacted for more information about the lease?
For inquiries, contact Christopher Westley or Andreas Joons via provided phone numbers.
About The Author
Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
