(For more retail coverage, click GlobeSt.com/RETAIL.)

WASHINGTON, DC-The Watergate, one of Washington's most notoriousbuildings, is undergoing a facelift under its new owner, LosAngeles-based BentleyForbes. BentleyForbes retained CB RichardEllis to handle retail and office leasing at the 261,084-sfmixed-use tower. John Filipos, a broker in the company's RetailBrokerage Services here, tells GlobeSt.com he is unsure what theestimated renovations will ultimately cost. "It is very much a workin progress." New amenities will include signage and lightningupgrades, he says.

BentleyForbes purchased the Watergate in October 2005 fromTrizec Properties. It says in a statement it plans a majorrenovation of the retail and office common areas.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.