Tesla Motors, maker of the Tesla Roadster - the world’s only electric supercar - has leased 3,460 square feet of retail space at 1050 K Street N.W. for its new showroom and service facility. Lisa Benjamin and Barry Wright of Newmark negotiated the deal for Tesla’s first location in the D.C. area. KLNB represented the landlord, a partnership between The Lenkin Companies and The Tower Companies.
“Our choice of 1050 K Street reflects the importance of displaying Tesla’s high-performance electric vehicles in the only LEED® Gold-certified property in the city,” said Benjamin, a principal with Newmark. “1050 K is a boutique Class A building, and home to many government affairs offices and large corporations. Tesla’s location near the Capitol and the White House gives the company great exposure.”
Accelerating from 0 to 60 mph in 3.7 seconds without using a drop of gasoline, the Tesla Roadster is the only automobile that offers supercar performance without supercar emissions. It travels 245 miles on a single charge and can be plugged into nearly any outlet in the world. With unparalleled traction control and its advanced battery temperature control system, the Roadster is also well suited for D.C. winters.
About Tesla Motors
Tesla’s goal is to produce a full range of electric cars, from premium sports cars to mass market vehicles - relentlessly driving down the cost of electric vehicles. It is currently the only automaker in the U.S. that builds and sells highway-capable EVs in serial production. Palo Alto, Calif.-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 1,500 Roadsters to customers in North America, Europe and Asia. The Tesla Roadster accelerates faster than most sports cars yet produces no emissions. Visit Tesla online at www.teslamotors.com.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.