In April TEI completed a two-month office renovation at its 1200 G Street office in Washington, D.C. The renovation project follows a lease restructure whereby TEI released nearly thirty percent of its office space to the landlord in exchange for a reduction in rent and tenant improvement allowance. TEI commenced construction in February to create additional offices and storage in its retained space, creating a more efficient footprint that enabled TEI to retain its subtenant, The Tax Council, and allowing for future growth. The lease restructuring agreement is estimated to save TEI more than $1.5 million over the next ten years.
TEI welcomed its staff back to the renovated offices on April 16. We hope you will stop by to visit us the next time you are visiting D.C.!
