WASHINGTON, May 4 /PRNewswire-FirstCall/ -- CarrAmerica Realty Corporation
(NYSE: CRE) and Clark Enterprises, Inc. today announced more than 135,000
square feet in new and renewal leases at The Clark Building in Bethesda,
Maryland. CarrAmerica's affiliate provides leasing and property management
services to the building's owner, Clark Enterprises, Inc., who provides asset
management services. Both companies worked in concert with The Clark
Construction Group, Inc. in managing the building's recent renovations.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
Vice Chairman of Carr Real Estate Services, Inc., Steven N. Bralower,
commented, "We are very pleased with customer response to the recent full-
scale renovation at the Clark Building, always one of Bethesda's best
addresses." Mr. Bralower noted that two blocks of space remain, totaling
approximately 19,000 square feet.
The Clark Building ownership and management welcomes the following
companies and extends appreciation to their broker representatives:
* AERAS Global TB Vaccine Foundation; Frank C. Graybeal of CB Richard
Ellis
* CDM Group, Inc.; Richard M. Rhodes and Thomas G. Birnbach of CRESA
Partners
* Catapult Technologies, Inc.; Richard M. Rhodes, Thomas G. Birnbach and
Dennis Tapiero of CRESA Partners
* Fairfield Residential; Trammell Crow
* Johnson Lambert and Company; David D. DiNardo and Martin P. Griffin of
Grubb and Ellis Company
* LexisNexis; John A. Kerr of CB Richard Ellis
* Morgan Stanley; Randolph C. Harrell of Grubb and Ellis Company and Gail
Charzan of CB Richard Ellis
* National Opinion Research Center
With 300,107 square feet on 16 floors, The Clark Building rises
prominently at the intersection of Wisconsin Avenue and Old Georgetown Road
and sits adjacent to the Bethesda station on the Metro redline. Included in
the recent full-scale renovation was a dramatically refurbished lobby in
limestone, marble and granite; a state-of-the-art conference center with MBA-
style lecture hall, training rooms and a meeting room and a top-floor, fully
equipped fitness center with weight room, racquetball court, aerobics room,
cardio room, jacuzzi and locker rooms.
CarrAmerica owns, develops and operates office properties in 13 markets
throughout the United States. The company has become one of America's leading
office workplace companies by meeting the rapidly changing needs of its
customers with superior service, a large portfolio of quality office
properties and extraordinary development capabilities. Currently, CarrAmerica
and its affiliates own, directly or through joint ventures, interests in a
portfolio of 295 operating office properties. CarrAmerica's markets include
Atlanta, Austin, Chicago, Dallas, Denver, Los Angeles, Orange County,
Portland, Salt Lake City, San Diego, San Francisco Bay Area, Seattle and
metropolitan Washington, D.C. For additional information on CarrAmerica,
including space availability at the Clark Building, visit http://www.carramerica.com.
Clark Enterprises, Inc. is a diversified investment company with
ownership, investment and asset management responsibilities for the entire
Clark portfolio. Headquartered in Bethesda, Maryland, Clark is one of the
largest privately held companies in the Washington metropolitan area and the
nation, as ranked by the Washington Business Journal and Forbes magazine.
Clark's largest investment, The Clark Construction Group, Inc., is one of the
nation's largest general building contractors.
SOURCE CarrAmerica Realty Corporation
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Related links:
http://www.carramerica.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
CONTACT:
Karen Widmayer of CarrAmerica Realty
Corporation, +1-202-729-1789, or karen.widmayer@carramerica.com
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