The building, owned by Minshall Stewart Properties, is one of ahandful on K St. that began building out in response to unmetdemand for space in the CBD a few years ago. While the boom timesthat spurred this development are clearly over, demand for CBDspace is still relatively strong.

For instance, Minshall inked a lease with the EuropeanCommission last month to occupy approximately50,000 square feet in the expanded building. Rich Lane, EricWest and Paul Hanafin of West, Lane & Schlager represented thetenant in the transaction. CBRE's Kevin Howard led a team thatrepresented the building owner. One of the main reasons why theDelegation opted to move from its 15-year home at 2300 M St. wasthat it wanted more flexibility to configure its internalspace--which the build out will provide, Lane tells atthe time.

Other rehabs on K Street Corridor include ING Clarion's$30-million expansion and renovation at 2121 K St., which addedthree floors to become one of the tallest buildings in the west endof the CBD. Also, 1909 K St., went to 12 from eight stories and2020 K St added three stories in recent years.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at 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.