Trade Association Relocating To Downtown D.C. With 60K SF Lease

A newly renovated Downtown D.C. office building has landed a tenant moving from Southwest D.C., a rare example of a relocation deal closing in what has become a historically weak office market. 
The Biotechnology Innovation Organization signed a 60K SF lease at 1201 New York Ave. NW, a 13-story office building owned by Pembroke Real Estate, according to JLL. 
The trade association representing biotechnology companies plans to relocate from its building in The Portals complex at 1201 Maryland Ave. SW, where it occupies 67K SF.
JLL’s Amy Bowser represented Pembroke in the deal. Pembroke declined to comment, and BIO didn’t respond to requests for comment. 
The 430K SF…

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