Hines announced the signing of a new lease with national non-profit organization American Hospital Association (AHA) in Two CityCenter at the landmark, mixed-use CityCenterDC development in Downtown Washington, D.C. CityCenterDC is one of the largest downtown developments currently underway in the United States.
CityCenterDC is a development of Hines and The TFI US Real Estate Fund. The anchor investor in the Fund is Qatari Diar Real Estate Investment Company (Qatari Diar), the real estate investment arm of the Qatar Investment Authority. The Fund is advised by Tanween, a Qatari real estate development management and consulting firm.
The AHA will occupy approximately 42,000 sqm when it moves into its new space in September 2014. The AHA was advised on the transaction by Studley, Inc. AHA is a leading non-profit organization representing more than 5,000 hospitals, health care systems, networks, other providers of care and 42,000 individual members. The AHA provides education for health care leaders and is a source of information on health care issues and trends.
With the execution of this new lease, the office buildings One and Two CityCenter are now just over 83 percent leased with additional pending commitments. CityCenterDC previously announced a 420,000 sqm, 20-year lease with renowned law firm Covington & Burling LLP.
