District Heart. Picture courtesy of Stream Realty Companions
Environmental Protection Fund has signed a 35,000-square-foot lease at District Heart, a Class A, 850,000-square-foot workplace constructing in Washington, D.C. MetLife Funding Administration and Norges Financial institution Funding Administration personal the 12-story property; the three way partnership picked up the asset in 2014 for $505 million, CommercialEdge information reveals.
The environmental non-profit group will relocate its native workplace from Common North, at 1875 Connecticut Ave. NW, to District Heart’s fourth flooring this October. Stream Realty Companions negotiated on behalf of the owner, whereas Transwestern represented the tenant.
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Accomplished in two phases, between 1995 and 1998, and most lately renovated in 2018, District Heart occupies a whole metropolis block at 555 twelfth St. NW. The LEED Gold-certified constructing has a 12-story atrium, 59,500-square-foot floorplates, 144,000 sq. ft of retail area and 5 ranges of below-grade parking.
Facilities embody an 8,000-square-foot health middle, an atrium lounge and out of doors terraces, in addition to numerous good constructing options. The property’s tenant roster at present options Deloitte, Beckham Advisors, Salmon Group Inc. and American Property Casualty Insurance coverage Affiliation, amongst others.
Stream Senior Vice President John Klinke, along with Managing Administrators Matt Pacinelli and Andy Eichberg, represented the owner. Transwestern Govt Vice President Michael Goldman, Vice President Adam Collins and Senior Affiliate Claire Poole suggested the long run tenant.
Workplace leasing within the District
Positioned close to a number of bus and subway stations, District Heart is three blocks east of The White Home and 4 miles from Ronald Reagan Washington Nationwide Airport. The property can be 1 mile from Lafayette Tower, the 325,000-square-foot workplace constructing the place legislation agency Fried Frank lately renewed its 103,000-square-foot lease.
The Washington, D.C., workplace market’s leasing exercise fluctuated all through 2022, in line with CommercialEdge info. One in all final 12 months’s largest offers was the 331,000-square-foot lease signed by The Division of Justice on the Judiciary Heart.
