The Center for Strategic and International Studies has purchasedthe land for an undisclosed amount from Gould Property Co. BillCollins, Paul Collins Drew Flood and Jud Ryan of Cassidy &Pinkard Colliers represented the seller.

1616 Rhode Island Ave. will eventually be a 129,680-sf class Aoffice building constructed out of transparent glass and aluminumwith stone accents. It will be situated one block betweenConnecticut and Massachusetts avenues, close to the Dupont Circleneighborhood.

This part of town typically sees little development activitybecause it is so small, Tonya L. Ginter, CCIM and director ofResearch & Marketing for GVA Advantis, tells GlobeSt.com. Onenotable exception was the delivery of a 44,000-sf building locatedat 1250 U St. More recently, she says, there has been retail-ledactivity, such as the Tivoli Theater redevelopment project and theadjacent Giant supermarket in Columbia Heights, which delivered inMay 2005. And 7059 Blair Rd., a 20,000-sf office building, wasrenovated in September 2006.

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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.