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Newmark announced today, that the National Association of Manufacturers (NAM) and SoundExchange have both renewed leases at 733 10th Street, NW, Washington, DC.
NAM is keeping its 41,732-square-foot space through 2030. SoundExchange is renewing and expanding to 39,486 square feet in the high-profile building. These leases bring the Class-A building to 100 percent occupancy.
NAM is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. The organization plans a full workplace renovation of its space to transform and personalize the association’s long-term home.
SoundExchange is a Congress-designated nonprofit that collects and distributes royalties to the artists behind digital recordings. Its expansion reflects the organization’s success as it deepens its footprint 733 10th Street.
“NAM is flourishing, and the event-heavy nature of the association’s operations influenced the decision to overhaul its space so that it is capable of hosting speakers and networking events in-house,” said Newmark’s Morgan Monroe. “SoundExhange is working on behalf of its 170,000-member community and the expansion will accommodate the company’s expanding role in the music industry.”
Built in 2011, the Skanska-developed office building sits in the heart of the amenity-rich East End submarket. It is within a five-minute walk to all six metro lines by way of the Metro Center and Gallery Place-Chinatown stations. Expansive glass window lines flood the building with natural light. The building has a rooftop greenspace with a catering kitchen and restroom facilities, tenant-only fitness center, concierge service and 128 parking spaces.
Chairman, Metropolitan Washington Asset Services Brendan Owen and Associate Morgan Monroe of Newmark brokered the deals on behalf of ownership. Sherry Cushman of Cushman & Wakefield represented SoundExchange, while Cresa’s Sam Heiber and Richard Rhodes represented the National Association of Manufacturers.
About SoundExchange, Inc.
SoundExchange helps the music and creative community thrive in the digital age. SoundExchange is the independent nonprofit collective management organization that collects and distributes digital performance royalties to featured artists and copyright holders.
About The National Association of Manufacturers
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of all private-sector research and development in the nation. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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