Skanska Secures Long-Term Lease for Iconic Office Space
Skanska's Significant Lease Agreement for Office Space
Skanska has made a notable impact in the commercial real estate market by securing a significant 14-year lease for approximately 5,100 square meters of office space within its prestigious building, 17xM. This 11-story structure is located at a prime intersection, boasting modern design and sustainable features.
Details of the Lease
The new agreement reflects Skanska's commitment to the property, with the office building expected to achieve full leasing status by 2025. In light of this contract, it is exciting to note that 81 percent of the available office space has now been leased. The anticipated occupancy for the new tenant is set for mid-2026, further solidifying the attraction of this architectural marvel.
Additional Features and Amenities
17xM stands out not only for its size but also for its unique features. The building covers a total area of 31,000 square meters and is designed with a flexible K-shaped floor plate that allows for tailor-made layout options. In addition to office spaces, the ground floor will host retail spaces, including a portion dedicated to the renowned James Beard Award-winning restaurant, Uchi. This addition is sure to entice both local residents and office workers alike.
Unmatched Amenities
Occupants will enjoy unparalleled amenities, embracing health and wellness with D.C.'s largest green exterior wall and a rooftop terrace perfect for relaxation. The premium gym facilities equipped with spa-style lockers provide an optimal environment for fitness enthusiasts, demonstrating a growing trend towards incorporating wellness into workplace design.
The Strategic Impact on Skanska's Portfolio
This latest lease marks the fourth for the 17xM building, which underscores the strong demand for prime office spaces in the area. The continued leasing momentum is a testament to Skanska's strategy of focusing on environmentally sustainable and innovative projects.
Contact Information for Inquiries
For those interested in learning more about Skanska and its developments, please reach out to:
Christopher Westley, SVP Strategic Services, Skanska Commercial Development, USA - Phone: +1 857 472 4619
Andreas Joons, Press Officer, Skanska Group - Phone: +46 (0)10 449 04 94
Direct line for media inquiries - Phone: +46 (0)10 448 88 99
Frequently Asked Questions
What is the length of the lease signed by Skanska?
Skanska signed a 14-year lease for the office building 17xM.
What is the anticipated occupancy date for the new tenant?
The new tenant is expected to take occupancy in mid-2026.
What significant restaurant will be part of the building?
The building's ground floor will feature the acclaimed Uchi restaurant.
What unique feature does 17xM offer in terms of design?
17xM features a flexible K-shaped floorplate allowing customizable layouts.
How does the lease align with Skanska's strategic goals?
This lease is part of Skanska's strategy to focus on sustainable and innovative projects in high-demand locations.
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