16-year lease reinforces commitment to local
community, economic development and a sustainable future
WGL (NYSE: WGL), the parent company of Washington Gas Light
Company, has announced that Washington Gas will relocate its
corporate headquarters to 1000 Maine Avenue SW, Washington, D.C. in
2018. The selected site is part of The Wharf, a $2 billion,
mixed-use neighborhood being built by PN Hoffman and Madison
Marquette on D.C.'s Southwest waterfront, spanning a mile along the
Potomac River.
WGL chose The Wharf because of its commitment to revitalize the
District, create a new vibrant business culture, and implement
diverse and sustainable energy practices.
“WGL is proud to join in one of the largest redevelopment
opportunities in our nation’s capital and reaffirm our
long-standing commitment to a community we have proudly served and
lived in for nearly 170 years. Our new home will improve the work
environment for employees, accommodate future growth and be part of
an exciting neighborhood,” said Terry McCallister, Chairman and CEO
of WGL Holdings, Inc and Washington Gas. “By supporting the common
goal of maintaining healthy waterways and improving the surrounding
environment, we’re contributing to the city’s clean energy
renaissance.”
Washington Gas will occupy at least two floors of 1000 Maine,
the 11-story, 250,000 square foot trophy office building that is
currently under construction. The facility will be home to nearly
200 Washington Gas employees, including its executive officers as
well as its financial, legal and corporate work. The company signed
a lease for a 16-year term and expects to move in around summer
2018.
Washington Gas’ new corporate headquarters will provide a state
of the art workplace for employees, offering cutting edge
technology, close proximity to public transportation and has been
designed to meet LEED Gold Core and Shell green building standards.
With access to more than three million square feet filled with
offices, residential property, restaurants, hotels, retail shops,
cultural arts center and a marina, The Wharf also features multiple
forms of on-site sustainable energy production and conservation,
such as a natural gas combined heat and power (CHP) plant,
energy-efficient lighting and solar panels.
In addition, WGL, through its subsidiary WGL Energy Systems,
Inc., plans to own, operate and maintain a 39.3 kW solar system
that will generate 49,243 kWh of power per year in the common areas
of the apartment building adjacent to the company’s headquarters at
The Wharf.
“We applaud Washington Gas for keeping its corporate
headquarters in the District of Columbia and continuing to drive
economic development in the nation’s capital,” said Deputy Mayor
Brian Kenner. “The Wharf is a transformative project for our city,
creating a new waterfront neighborhood that is truly a
once-in-a-generation opportunity. We are excited that one of
Washington’s oldest and most recognized organizations will become
part of this new community.”
“We are thrilled that WGL—a diverse energy company so well
established in the District—is making The Wharf its new home,” said
Monty Hoffman, Founder and CEO of PN Hoffman. “WGL is a terrific
anchor for The Wharf because we align on multiple levels, including
commitment to sustainability, great respect for the environment,
and a community-oriented approach to business.”
“The Wharf is attracting an innovative, top-tier class of
industry leaders, and we are becoming the destination for
attracting and retaining top talent,” said Amer Hammour, Chairman
of Madison Marquette. “Washington Gas is bringing their
headquarters to 1000 Maine because of this trophy building’s
central waterfront location, superior amenities, access to great
restaurants and venues, and beautiful environment.”
Washington Gas’ agreement includes a wide range of branding,
greening and energy efficiency initiatives serving The Wharf as
well as opportunities for community involvement.
The new location is approximately two miles from Washington Gas’
current headquarters at 101 Constitution Avenue, NW, Washington DC,
which it has leased since 2003.
With approximately 1,500 employees in the region, WGL and its
entities continue to extend its presence in DC, Maryland and
Virginia service territories. Last year, WGL Energy began
operations from a new headquarters building in the Tysons area of
Northern Virginia. A Washington Gas workforce training facility is
in the design stage for expansion in Chillum, Maryland. WGL is the
5th largest Fortune ranked company based in DC.1
About WGL
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading
source for clean, efficient and diverse energy solutions. With
activities and assets across the U.S., WGL consists of Washington
Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides
options for natural gas, electricity, green power and energy
services, including generation, storage, transportation,
distribution, supply and efficiency. Our calling as a company is to
make energy surprisingly easy for our employees, our community and
all our customers. Whether you are a homeowner or renter, small
business or multinational corporation, state and local or federal
agency, WGL is here to provide Energy Answers. Ask Us. For more
information, visit us at www.wgl.com.
1 Based on 2016 Fortune 1000 list of companies by geography.
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version on businesswire.com: http://www.businesswire.com/news/home/20170420005392/en/
WGLNews Media:Bernie Tylor, 202-624-6778orFinancial
Community:Douglas Bonawitz, 202-624-6129
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