Leasing Transaction of the Year - DC
Yelp HQ at Terrell Place
Beacon Capital Partners' investment at Terrell Place not only reinvigorated a historic Class A downtown office building but also made it a relevant Trophy asset drawing in one of the world’s most innovative social media companies, Yelp.
Terrell Place was not only able to sell Yelp on its property, but also the nation’s capital. In the fall of 2016, Terrell Place made a short list for Yelp's next office. With a final tour in March 2017, it was Terrell Place’s forward-thinking approach to design, where workday meets vacation, that sold Yelp. The first proposal was sent in March 2017, and the deal moved extremely quickly with the letter of intent signed two months following, the lease by July 2017, and Yelp occupying the space in December of that same year.
Through Beacon Capital Partners ’forward-thinking approach to real estate, they were able to successfully lease 52,703 square feet to one of the hottest tenants in the market in 2017. Yelp was represented by Rob Faktorow of CBRE. The JLL team of Amy Bowser, Kate Griffin and Tom Golsen represented the landlord.