1750 P St. NW to be renamed Gables Dupont Circle. Built in 1998, it's fully occupied with monthly rents averaging $2.39/sf.
aka Friendship Centre; Tenants include Maggiano's, Borders Books, Eddie Bauer and Linens 'n Things.
at 1501 K St.; Co-owner Kaempfer will retain a small stake and will continue to lease and manage property.
Co-owner Kaempfer will retain a small stake and will continue to lease and manage property
The Fed (tenant for 70% of space) is buying to save on rent; Mack-Cali bought bldg in 1998 for $49Mln.
XM Satellite leases 120,000 sf in the building for its HQ; Bernstein's Consortium Capital I fund and Union Realty 3 yrs ago paid $2.75Mln for the then 86-year-old vacant warehouse.
Property contains 210,000 sf of office and 60,000 sf of retail space; Wells Fargo provided $42Mln floating-rate debt.
The 8-story building is fully leased to Dep't of Energy, the IRS and the Holocaust Museum offices.
aka The Tower Building, 12-story building is about 95% leased to 20 tenants.
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© 2023 Commercial Real Estate Direct All rights reserved..