Skanska Signs Lease with Wells Fargo to Open Express Center at 99M

Press release 2/20/2019 8:00 AM EST

Skanska, a leading national development and construction firm, announced today that Wells Fargo will open a 1,300-square-foot Express Center, filling the last available retail space at 99M on the ground floor.


“Bringing Wells Fargo’s new Express Center to 99M successfully completes the retail map for the building,” said Mark Carroll, executive vice president for Skanska’s development operations in the Greater Washington, D.C., area. “We are pleased with the dynamic mix of retail and look forward to the openings of CIRCA and Él Bebe this month.”

Wells Fargo joins 99M’s other retail tenants coffee shop Bluestone Lane, neighborhood bistro CIRCA and casual Mexican restaurant Él Bebe, as well as office tenants PYXERA Global, the Retail Industry Leaders Association and Credit Union National Association. The building still has top floors available offering views of the Anacostia River.

With 234,000 square feet, the Class-A office LEED® Gold certified 99M incorporates innovative techniques to reduce water and energy usage, and limits its impact on the natural environment. With breathtaking views of the Riverfront, the Washington Monument and the Capitol, it is a building that celebrates the best of the urban experience.

Located at 99M Street, SE on the corner of First and M Streets, SE, the striking 11-story 99M is steps from both Navy Yard-Ballpark Metrorail entrances and seven blocks from the U.S. Capitol. It includes approximately 220,000 square feet of office space, with approximately 11,000 square feet of retail/restaurant space on the ground floor. The building also features a green roof and rooftop terrace, a tenant-only, state-of-the-art fitness facility, secure bicycle storage and four levels of underground parking.

Skanska’s other real estate developments in the greater Washington area include: 2112 Penn, an 11-story, 230,000-square-foot office building with approximately 10,000 square feet of ground floor retail; and RESA, a 12-story, 326-unit luxury apartment building in the rapidly developing NoMa neighborhood. Skanska recently announced a long-term ground lease at 1700 M Street, NW to develop an approximately 34,000-square-foot land parcel for a ground-up, mixed-use development, as well as the acquisition of a site at Scotts Run to develop a high-density, multifamily project in Tysons, VA. Skanska also developed the 130,000 square-foot office building 1776 Wilson Blvd, Arlington’s first LEED Platinum building, which Skanska sold in 2014, and 733 10th and G, a 171,000 square-foot office, which Skanska sold in 2012.

In the Greater Washington area, Skanska recently completed the First Street Tunnel and is building the headquarters facility for the District of Columbia Water and Sewer Authority (D.C. Water). The firm was also responsible for the reconstruction of the 11th Street Bridge and adjacent interchanges, infrastructure that helped spur redevelopment such as 99M in the Capitol Riverfront neighborhood.