Carr Signs a New Lease at WaveOffice at The Hub

Pie Insurance Joins Rive and Brightfield Strategies at the WaveOffice
in Washington D.C.

WASHINGTON–(BUSINESS WIRE)–Carr Properties announced today that it has signed a lease with Pie
Insurance, an insurtech startup that provides workers’ compensation
insurance to small businesses, at WaveOffice at The Hub located at 1615
L Street NW in Washington, D.C. With the addition of Pie Insurance, only
one suite remains available at this WaveOffice location. Pie Insurance
will occupy two suites totaling 6,969 SF this coming June, joining Rive
and Brightfield Strategies as WaveOffice customers at The Hub.

Commenting on the lease, Oliver Carr CEO of Carr Properties said, “We
are very pleased to welcome Pie Insurance as a new customer to
WaveOffice. Our WaveOffice brand offers move-in ready office suites with
high-quality amenities and common areas, available on flexible lease
terms as short as one year. To date, we have seen robust demand for
WaveOffice, and we are pleased that Pie Insurance could take advantage
of the flexibility that WaveOffice offers.”

Given the recent successes of the WaveOffice offering, Carr Properties
will continue to expand its move-in ready suites with the addition of a
new WaveOffice location at 2001 Pennsylvania Avenue in Washington, D.C.
WaveOffice caters to companies seeking high-quality turnkey private spec
suites ranging from 2,000 to 4,000 SF with the flexibility of a
short-term license agreement. WaveOffice 2001 Penn is scheduled to
deliver in summer 2019; interested companies can pre-lease to lock in
their space by contacting [email protected].

Pie Insurance was represented by Daniel Klueger and Melanie Matthews of
The Tenant Agency.

About Carr Properties

Carr Properties is a privately held real estate investment trust that
owns, manages, acquires and develops high-quality office properties in
Washington, D.C., and Boston, MA. The company currently owns a portfolio
of 17 commercial office properties totaling approximately 4.7 million
square feet, as well as, a pipeline of five development projects that
include: The Wilson and The Elm Development in Bethesda, MD; Signal
House in the Union Market area of Washington, D.C.; and One Congress in
Boston, MA. Upon completion, these projects will add 2.4 million SF of
trophy-quality office space to the company’s portfolio. The company is
continuing to expand its portfolio through strategic investments in the
Washington, D.C., and Boston, MA areas. Additionally, Carr Properties
owns and operates WaveOffice, a flexible office suites company.

Contacts

Rahewa Yemane, Carr Properties
202.355.1292
[email protected]

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