, the news that government contractor Sayres and Associates
has signed a seven-year deal to lease 20,000 square feet at 55 M Street
, Monument Realty's office building on top of the Navy Yard Metro station at Half and M. Sayres currently is at Maritime Plaza, and is expected to move into 55 M in April of next year. This is the first tenant for 55 M; with the Bureau of Land Management moving in across the street at Lerner's 20 M
next year, all of the office buildings in Near Southeast completed since 2007 will have lease deals (100 M
was nearly 40 percent leased when it opened at the end of 2008).
Monument is still looking for financing to complete the south end of the block, where they have been planning to build a hotel and two residential buildings.