Insight

Cresa Washington DC Represents Standard Solar Inc. in 17.5K SF Lease Renewal of its Headquarters in Rockville, MD

July 25, 2016

JULY 25, 2016 (Bethesda, MD) – Cresa Washington DC recently represented Standard Solar Inc. in a 17,513-square-foot lease restructuring and renewal of its headquarters at 1355 Piccard Drive in Rockville, MD. Cresa is the world’s largest corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of integrated services.

Standard Solar Inc., a leading solar energy company specializing in the development and financing of commercial and utility-scale solar electric systems nationwide, will continue to occupy a portion of the third floor in the four-story, 136,000-square-foot standalone office building.

According to Mindy Saffer, a Cresa Managing Principal and LEED AP who represented Standard Solar Inc. in the transaction, Cresa negotiated favorable terms in an early restructure, resulting in overall cost reductions for the tenant.

The landlord, BREOF Piccard REO LLC, was represented by Rocky Kern from Cushman & Wakefield.

Cresa has area offices in the District of Columbia; Baltimore, MD; Bethesda, MD; and McLean, VA.  

About Cresa
Cresa is the world’s largest tenant-only commercial real estate firm. In representing tenants exclusively—no landlords, no developers—Cresa provides unbiased, conflict-free advice. Integrated services cover every aspect of a real estate transaction from site selection and financing to project management and relocation services. Cresa offers clients customized solutions with more than 60 offices in 75 markets worldwide. For more information, visit www.cresa.com.