EAB Global,

The 2019 Washington, DC Lease Transaction of the Year is ...


Education, networking and recognition.


Establish credibility in the market and enhance your resume.


Promote the interests of the commercial real estate brokerage community.

Savills brokers Scott Hoffman and Tyler Bensten simultaneously arranged a lease bifurcation, lease termination, lease assignment and a new lease, providing the education consulting firm nearly $100 million in real estate cost savings.

The Savills team produced a nontraditional ‘once in a lifetime’ real estate solution in D.C. on behalf EAB Global. The multifaceted process resulted in: - the disposition of 137,000 square feet lease via a lease amendment and assignment to WeWork at 655 New York Avenue, NW - the giveback of 65,000 square feet via a termination with Brookfield/Jemal - 150,000 square foot new lease at 2445 M Street, NW - Over $100 million in real estate costs savings for EAB.

The newly formed EAB was established when its predecessor, The Advisory Board Company, was split and sold in a complex arrangement valued at $2.58 billion. Prior to the split, The Advisory Board had signed a 525,000-squarefoot lease to anchor the proposed Brookfield/Jemal site at 655 New York Avenue, NW. Savills was retained to represent the newly formed education unit’s interests in a lease bifurcation. After a yearlong process of bifurcating the lease into two standalone leases, Savills was tasked with disposing of the 202,000 square foot obligation at 655 New York Avenue.

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