Virtru is the first recipient of the D.C. Vitality Fund, a city initiative to attract high-growth companies to the District. The company’s new headquarters, dubbed the Hub, is meant to serve as a center for the cybersecurity community.
To be eligible for the Vitality Fund, companies must have at least 25 employees, agree to lease or own at least 7,000 square feet for a minimum of five years, do business in an eligible target industry, and be considering relocating or expanding its office in the District.
Companies that receive funding from the Vitality Fund must also commit to having their employees on-site at least 50 percent of the time, provide workforce development programs or commit to local contracting, and comply with all relevant District laws.
“Innovation has always been at the heart of Virtru’s mission, and the Hub builds on this commitment,” John Ackerly, co-founder and CEO of Virtru, said at Wednesday’s opening event. “We designed a space that can uniquely function as a collaboration center for the District’s thriving cybersecurity community. Cybersecurity is a team sport: We need to bring many partners and customers to the table, and we look forward to facilitating those conversations across the private and public sectors.”
Pembroke, which has owned the Pennsylvania Avenue property since 2006, recently invested in a spate of capital improvements for the property, including a dual-height lobby with a lounge and coffee bar, and floor-to-ceiling windows along the Pennsylvania Avenue corridor.
“We’re proud to have incredible companies like Virtru that are choosing to grow and expand right here in the Capital of Innovation,” D.C. Mayor Muriel Bowser said at a ribbon-cutting for the space Wednesday. “At the heart of D.C.’s comeback is how we bring people back together — to live, work and play. And we’re using every tool at our disposal, including the Vitality Fund, to attract and support employers that will help us bring the people, fill the space, and create a thriving Downtown D.C.”
Virtru, a data-centric security and privacy firm, unveiled its new headquarters at 1801 Pennsylvania Avenue NW in Washington, D.C., Wednesday. The security software provider previously announced it had inked a 17,000-square-foot lease at the Pembrooke-owned building back in November 2022. Virtru is the first recipient of the D.C. Vitality Fund, a city initiative to attract Read More
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease