Cresa Washington DC Negotiates 15,000-Square-Foot Lease For HDMA In Arlington County's Ballston Neighborhood

January 8, 2014 (Arlington, VA) – Cresa Washington DC, a corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated services, announces today that it has negotiated on behalf of the Healthcare Distribution Management Association (“HDMA”) in a 15,000-square-foot early lease extension at 901 N. Glebe Road in Arlington County’s Ballston neighborhood.

In this long-term transaction, Cresa Washington DC Managing Principal Gene Sachs and Senior Vice President Daniel Klueger represented HDMA, which is the national association representing primary health-care distributors, the vital link between the nation's pharmaceutical manufacturers and health-care providers.

“We’re pleased to have executed this early lease renegotiation for HDMA, which Cresa Washington DC has served for the last 10 years,” he says. “901 N. Glebe Road continued to be an excellent building for our client’s staff, and with the improvement allowance, it will meet their facility requirements for the future. In addition, we secured immediate cost savings as well as an attractive rental rate in renewing HDMA’s lease 28 months before it expired.”

“We value our long-standing partnership with Cresa,” says HDMA Executive Vice President and Chief Operating Officer Ann Bittman. “The Cresa team’s expertise served HDMA well as we renegotiated our lease and ensured that we will remain in a building that we like and that accommodates the needs of our organization.”

Johns Creek, Ga.-based Piedmont Office Realty Trust owns the 333,948-square-foot property at 901 N. Glebe Road, which is known as Arlington Gateway.

About Cresa:

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio/Lease Administration, Capital Markets, Sustainability, Industrial/Supply Chain and Facilities Management. With more than 55 offices, Cresa is North America’s largest tenant representation firm. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. Cresa Washington DC exclusively serves tenants through its offices in Bethesda, the District of Columbia and McLean. For more information, visit www.cresa.com.