Ed Clark and Steve Hoffeditz
Newmark Knight Frank (NKF) today announced that World Wide Technology (WWT), a market-leading technology solution provider with offices across the world including one in Maryland, is opening its first Washington, DC office in Terrell Place at 575 7th Street NW. Located across the street from Capital One Arena and the Gallery Place – Chinatown Metro Station’s F Street entrance, the building is part of a uniquely designed interconnected property that includes the historic Hecht’s Building and 650 F Street. Its newly renovated high-tech lobby and transit-friendly location helped attract other tech companies including Facebook and Yelp.
NKF’s Executive Managing Directors Ed Clark and Steve Hoffeditz represented World Wide Technology in its 11,640-square-foot lease.
“We partnered with NKF to evaluate multiple locations in the District,” said World Wide Technology’s vice president of Federal Sales, Bryan Thomas. “Ultimately, Terrell Place best suited our needs allowing us to build a high-end Innovation Center to showcase our technology in a building that’s already pushing the boundaries of technology in a Metro-friendly location.”
“World Wide Technology’s DC office is going to prove to be one of the most forward-thinking collaborative build-outs in the city where WWT will conduct a variety of activities aimed at simplifying complex business technology for its local customers and partners,” said NKF’s Clark. “These include everything from executive briefings and workshops, to solution demonstrations, proofs of concept and benchmarking. Clients from State and Local Government, Enterprise levels and of course Federal will now have a local, main entry point to the full resources of the ATC in St. Louis to conceptualize and test IT innovation. We were pleased to have represented the company in its lease.”
About World Wide Technology
World Wide Technology (WWT) is a technology solution provider with more than $10 billion in annual revenue that provides innovative technology and supply chain solutions to large public and private organizations around the globe. While most companies talk about delivering business and technology outcomes, WWT does it. Based in St. Louis, WWT employs more than 4,600 people and operates over 2 million square feet of warehousing, distribution and integration space in more than 20 facilities throughout the world.
For more information about World Wide Technology, visit www.wwt.com.
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About Newmark Knight Frank
Newmark Knight Frank, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our 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. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
