WASHINGTON, DC-The Rockefeller Group and Mitsubishi Estate New York have secured new leases at 1101 K St. NW, bringing the 10-story, 291,480 square foot building to 95% occupancy. Less than a year ago occupancy was at 83%.
The American Forest & Paper Association is taking 29,142 square feet in the building and a computer services and technology company has leased 3,567 square feet.
The landlord was represented by Mark Richardson and Jackie Raff of Transwestern. The American Forest & Paper Association was represented by Eric West and Mindy Saffer of West Lane Schlager. The computer services and technology company was represented by Brian Cornrich of CRESA Partners.
The Rockefeller Group and Mitsubishi Estate New York acquired the building in 2011 in a JV. For Rockerfeller, it was the company's first major foray into this market.
The remaining space includes 6,100-square-feet of divisible office space and two pre-built suites of approximately 3,400-square-feet each. The building is certified LEED Gold by USGBC – another achievement by the current owners.
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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.
