DENVER-The Amstar Group, a privately held investment group in Denver, has purchased the 1425 New York Avenue building in the East End submarket of Washington, DC’s central business district.

Amstar has picked up 13-story, 270,000-sf class A tower from an affiliate of Nomura Real Estate USA. “This premier office building is strategically located in the heart of Washington, DC … less than two blocks from the White House,” says D. Scott Gibler, Amstar’s executive director of Office Investments. It is positioned in an area abounding with support services representative of all sectors.

The US Treasury Department and Department of Defense practically rent the entire building, which features exterior and interior office balconies that overlook a large atrium. The eight-year-old building boasts reflective windows and polished granite accents with textured exterior granite walls. It also has four levels of structured parking.

Gibler says Washington, DC, has enjoyed double-digit rental rate increases over the past couple of years and the 1425 New York Avenue building will benefit from future lease rollovers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.