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Ruben Cos. Markets Pennsylvania Plaza With Eye on $250M Sales Price

WASHINGTON, DC-It has tapped Cushman & Wakefield to market 601 Pennsylvania Ave., NW.

Pennsylvania Plaza Pennsylvania Plaza

WASHINGTON, DC-Ruben Cos. has tapped Cushman & Wakefield to market 601 Pennsylvania Ave., NW. It developed the 12-story, 193,000 square foot property, also known as Pennsylvania Plaza, in 1990 and has owned and operated it ever since.

JP Morgan is the anchor tenant occupying 22% of the building. Overall the building is 94% leased to such tenants as Cisco Systems, T-Mobile, Merck, DuPont and the National Gallery of Art. It is also home to the Fiola da Fabio Trabocchi restaurant, a reputed power-broker restaurant that has fed US presidents, visiting dignitaries and top executives.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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