WASHINGTON, DC—Grosvenor Americas has signed on three new tenants at 1701 Pennsylvania Ave. for a total of 29,300 square feet.
The three tenants, Occidental Petroleum, FoxKiser, and JAB Holdings, were signed by Cushman & Wakefield's Mark Richardson and Jackie Raff.
JAB Holdings is the parent company of a number of brands including Peet's Coffee, which has located at store on the ground floor of the 12-story building.
Grosvenor Americas acquired the building in 1986 and has gone on to make some $16.7 million in improvements over the years, including an HVAC upgrade that was completed three weeks ago.
Besides the new HVAC system, Grosvenor is also upgrading the fitness center and wait lounge.
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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.
