WASHINGTON, DC-San Francisco-basedShorenstein is placing on the market one of themany CBD and East End buildings that it owns here: HamiltonSquare, a trophy property located at 600 14th St.,NW. John Kevill ofEastdil, who secured the listing with colleagueCollins Ege, Kevill tells GlobeSt.com he expectsthe 248,495-square-foot building to trade in the $200 millionrange.

That is in line with where core, stabilized assets are trading,he says. “This building checks a lot of boxes for investors thatwant a unique property that has a compelling story and goodlocation.” Hamilton Square, he points out, is a block away from theWhite House.

Still, Kevill acknowledges that Washington is subject to anothercycle besides the economic one: this year is an election and manyreal estate-related decisions are being shelved until afterNovember. “To some extent underwriting has become more conservativeas we move closer to the election,” he says. “The window into thearea’s fundamentals usually becomes a little cloudier in electionyear.”