212,500-SF Franklin Tower Gets Two Big-Name Tenants

WASHINGTON, DC-Franklin Tower gets two more tenants as Anheuser Busch and Household Financial Group lease 4,258 sf and 5,297 sf, respectively. The news follows the recent execution and extension of $39 million worth of leases with 11 office and ground-level retail space occupants of the building. Leasing rates in the 212,500-sf edifice range from about $45 to $50-per-sf gross.

“It’s always around 95% and that’s what we’re at now,” Woodmark Commercial Services’ Roy Ayers tells GlobeSt.com of the structure’s current occupancy. In both deals, Woodmark represented the owner of the 11-year-old building, which sits at 1401 Eye Street in the District’s East End area. “It will be their corporate government affairs office,” Ayers adds of Anheuser-Busch’s in the tower. “It’s the office Augie Busch will use when he visits DC.” Speaking of both Anheuser-Busch and Household, he says the addition of the two new companies is “very much in keeping with the tenant profile.” The Chevron Companies and United Technologies Corp. are among the other prestigious firms that make a home in Franklin Tower.