Built in 1969 and extensively renovated over the years, theeight-story building has approximately 300,000 sf of space and 213parking spaces. The new owners plan additional renovations toupgrade common areas and accommodate new tenants. Current leaserates are between $27 per sf and $29 per sf full service. Thesurrounding area continues to gain prestige with the establishmentof new high-quality hotels, residences, offices, shops, andrestaurants, particularly the new Ritz-Carlton Hotel and Residenceslocated just two blocks away.

"2100 M Street is an excellent opportunity for our $100-millionConsortium Capital Fund, which provides equity funding forvalue-added commercial real estate projects throughout themid-Atlantic region," says Adam K. Bernstein, president of theBernstein Cos. "This building's prominent corner location inWashington's central business district, where the supply of newoffice space cannot keep up with increasing demand, makes it a verypromising investment."

Bernstein is one of Washington, DC's oldest real estatedevelopment, investment, and management organizations. Founded over60 years ago, it has been involved in transactions exceeding $1billion, and currently holds a commercial portfolio of more than 40properties including office buildings, apartment complexes andhotels.