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Local Voices

CRESA WASHINGTON DC NEGOTIATES 29,477-SQUARE-FOOT HEADQUARTERS EXPANSION AND RELOCATION FOR UNITED EDUCATORS IN BETHESDA

March 18, 2014 (Bethesda, MD) – 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 United Educators (“UE”) in a 29,477-square-foot headquarters expansion and relocation at 7700 Wisconsin Ave. in Bethesda.

In this 15-year transaction, Cresa Washington DC Principal Brian Cornrich and Senior Vice President Dan Klueger represented UE, which is a licensed insurance company owned and governed by 1,200 member colleges, universities, independent schools, public school districts, public school insurance pools, and related organizations throughout the United States.

On June 1 of this year, UE plans to move from 23,000 square feet at Two Wisconsin Circle in Chevy Chase, space that it is subleasing to WeddingWire for the next two years.

Cornrich and Klueger provided their client with various relocation options in Bethesda and Chevy Chase. Taking advantage of a favorable market for tenants, the Cresa Washington DC executives secured a strong deal; over the course of this new lease, UE will save about $1.8 million in real estate expenses.

“We’re quite pleased to have completed this headquarters expansion and relocation for United Educators in Bethesda – a transaction that provides our client with additional room to accommodate its ongoing staff expansion,” Cornrich says. “UE’s new corporate office is getting fully built-out from shell space, and it will enhance the overall work environment for our client’s employees.”



The Chevy Chase-based Polinger Shannon & Luchs Company owns 7700 Wisconsin Ave., which is known as Bethesda Place I. The 328,564-square-foot property, one block from the Bethesda Metro station, is situated near numerous bank branches, hotels, restaurants and retailers.

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.

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