The Yards lands Chemonics as 1st major tenant for Phase 2

Chemonics International, which oversees and manages projects in developing countries, will move its headquarters — and hundreds of jobs — to one of several new office buildings planned for the second phase of The Yards community between Nationals Park and Navy Yard at Capitol Riverfront.

Developer Brookfield Properties said Chemonics signed a lease for 300,000 square feet, and will be the anchor tenant for what will be a collection of up to five new office buildings at The Yards.

It hopes to make the move in late 2021.

Chemonics, which works primarily as a project manager for the U.S. Agency for International Development, will consolidate four Washington area locations into the new headquarters. The move will include relocating 500 Virginia-based jobs to the new D.C. headquarters.

Chemonics is currently headquartered near Farragut Square at 1717 H St. NW.

The new headquarters will be at Brookfield’s planned 11-story Class-A building at 1275 New Jersey Ave. SE.

Chemonics will have a total of 1,200 employees consolidated at its new headquarters.

Phase 2 is expected to be completed by 2030 and will boost the size of The Yards to 48 acres, 1.8 million square feet of office space, 400,000 square feet of retail and dining and 3,400 residential units.

The 225-room Thompson Hotel D.C. is scheduled to open next year.

New York-based Brookfield inherited The Yards development as part of last year’s $11 billion acquisition of its original developer, Forest City Realty.

Its other projects include the big redevelopment of Ballston Mall to the new Ballston Quarter.

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Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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