The D.C. Public Charter School Board has signed a new 11-year lease at 100 M St. SE in Capitol Riverfront, first reported by Washington Business Journal . The organization’s current lease at 3333 14th St. SW is set to expire on Sept 30 and due to the location being too small for its growing staff, an extension was unable to be negotiated thus far.
The annual rent of the new space starts at $739,350 with 2.5% escalations each year after and an option for a 16-year extension if desired by the board members of DPCSB . This move places them closer to many public charter schools located in Ward 8 while also being one of four options considered that had the lowest price tag associated with it as well as having existing relationships with landlords Lionstone Investments and Hermes Investment Management who are currently leasing part of their building this year out Office Inspector General District government offices
Post titled “DCP Charter School Board Signs New Lease” originally appeared on Connect CRE
