WASHINGTON, DC-MRP Realty and ASB RealEstate Investments have selected Cassidy Turley’sPhillip Thomas, Will Stern and Kerri MulliganSalih as their exclusive brokers for 900 G St.,NW--a soon-to-be-developed 112,000-square-foot trophyoffice in the East End. Demolition on the existing building therewill begin within weeks, Thomas tells GlobeSt.com.

This past Spring MRP and ASB decided to move forward with theirdecision to build an entirely new building at the site, instead ofredeveloping it as originally planned. MRP first planned torenovate the property when it acquired it in a partnership with aRockpoint-led JV. However, upon reflection both firms decided theoffice market in DC is strong enough—or will be strong enough—tosupport a new building when it delivers in mid-2014.

DC currently has higher vacancy rates than it is used to, Thomasnotes, “but new construction has lower vacancy rates, and inthe East End especially demand for top-of-the-market space isn'tdiminishing. This will be one of a small handful of newconstruction options for firms seeking trophy space.”