Project Concern International (AFPA), a $45 million 501(c)(3) headquartered in San Diego, CA, had recently been awarded a USAID contract that required them to grow their Washington, D.C. office by more than 300%. PCI engaged West, Lane & Schlager to assist them in uncovering their potential growth options for their Washington, D.C. office.
PCI occupied approximately 2,500 square feet at 1220 19th Street, NW. With a remaining term of more than eight years and no growth options within the building, PCI had to find a way out of their current obligation and into something that accommodated their long-term growth needs.
WLS was able to leverage the current market conditions and relocate PCI within their owner’s, WASHReit, existing downtown portfolio. PCI was able to commit to a long-term lease that granted them multiple avenues for flexibility as they won or lost contracts in the future.
We needed to expand our real estate footprint in D.C. to accommodate our growing staff. We hired Tom and Ganon from West, Lane & Schlager to help us explore our options and mitigate our risk since we had seven years remaining on our then current lease. They were able to analyze our options, negotiate and relocate us to our new office and minimize our real estate risk and cost over a long term horizon. We would absolutely recommend them to anyone exploring their real estate options.
Tim Ogborn, Vice President and Managing Director
PCI improved its building and space quality, its location and achieved maximum flexibility for the long term. Their new layout allowed them to maximize efficiency and install a conference facility that met their needs.