WASHINGTON–CUNA is reporting it will save more than $500,000 annually in leasing expenses as the result of its plan to move its Washington offices.
In response to an inquiry from CUToday.info, the trade group said the move to new offices in a development called 99M should save approximately $6 million in lease expense over the next 10 years.
As CUToday.info reported here, n the Spring of 2018 CUNA will move to 99M, which is now under construction near Nationals Park in the Navy Yard area.
CUNA has signed a lease for approximately 22,000 square feet at 99 M St. SE, and has become the second office tenant to commit to Skanska USA Commercial Development’s Class A office building.
The 11-story building is seven blocks from the U.S. Capitol and will include approximately 220,000 square feet of office space, with approximately 11,000 square feet of retail/restaurant space on the ground floor. The building will also feature a green roof and rooftop terrace, a tenant-only, state-of-the-art fitness facility, secure bicycle storage and four levels of underground parking.
The area of D.C. is home to several big projects, including several mixed-use entertainment/office/residential buildings.
CUNA, which currently leases space just off the Washington Mall at 601 Pennsylvania Ave. Northwest, had been negotiating the space for several months.