Success Stories

The Motley Fool, Inc.

Alexandria, Virginia
113,616 SF
Cresa Washington DC
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Client Objectives

The Motley Fool, Inc. (TMF) is the world's premier multimedia financial education company. The company's mission has remained the same since its inception: to educate, enrich, and amuse individual investors around the world.

The Motley Fool's relationship with Cresa Washington DC began in 2004. At that time, TMF realized they needed to quickly acquire additional space in order to meet their immediate growth needs. Although further expansion was part of their long-term strategic plan, they were not prepared to take more space than necessary for the short term. Remaining in Old Town Alexandria was critical, as was close proximity to the King Street Metro. Visibility and signage became a driving force, along with improving their headquarters image physically from a class C building, to a class A Trophy building. Unfortunately, accommodating a larger block of  40,000-50,000 SF in Old Town left them with very few options, which could potentially limit negotiating leverage.

Results

The Motley Fool took advantage of Cresa's integrated services team, utilizing transaction services, lease forensics, and workplace strategy, as well as project management. Cresa negotiated 41,022 square feet for TMF near the new Patent and Trade Office headquarters at 2000 Duke Street. The location at 2000 Duke Street has exceptional signage visibility, connected underground access to the King Street Metro, and lobby signage which gives the impression that the client occupies the entire building. Additionally, Cresa was able to get the landlord to provide The Motley Fool their own dedicated parking level allowing their employees to stack their cars. By stacking their cars, TMF increased their parking ratio to the required 5:1,000 parking ratio rather than the 3:1,000 parking ratio provided to the remaining tenants in the building.

Due to their continued success since 2004, TMF has almost tripled their footprint and continue to monitor growth projections while remaining as efficient as possible.

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