Property Detail

1401 K St NW • Tower Bldg
Washington, DC 20005
Submarket:  East End  County:  District of Columbia
For more information, contact:
Mark Klug (202) 585-5551
Max Friedman (202) 585-5506
Abigail Todd (202) 783-8200
P r o p e r t y  D e s c r i p t i o n
Property Type: Office Total Space Available: 48,387 SF
Secondary Type: - Max Contig Space: 23,616 SF
Class: B Annual Rent: $48.00 - $52.00/SF
Building Size: 124,706 SF % Leased: 93.6%
Year Built/Renov: 1929 / 1997 Typical Floor Size: 9,648 SF
Stories: 12 Elevators: -
Parking: Ratio of 2.08/1,000 SF
Parcel No: 0217-0051
Amenities: Central Employment Area, Fitness Center
P r o p e r t y   H i g h l i g h t s

1401 K St was recently purchased by First Potomac Realty Trust, one of the leading owners of office and business properties in Washington, D.C. The building is ideally located at the corner of the prestigious K Street corridor and the popular 14th Street, only one and a half blocks from the McPherson Square Metro station. Along with this convenient metro access, 1401 K St. offers seven sides of glass with spectacular park views. 1401 K St. is an ideal location in the East End boasting great amenities, such as 24/7 security and a fitness center. Under the new ownership, the building will undergo a striking renovation through 2015. The renovation plans will preserve the historic elements of 1401 K St, while upgrading the fitness center, lobby and building common areas. July 2001: AEW Capital Management LP purchased the building from Franklin Tower LP for $23,700,000. Greenwich Group International represented the seller. January 1995: Franklin Tower, L.P. (Starwood Capital Group and IBG Partners, L.L.C.) purchased the building for from Tower Bldg JV (Stern & Moran) and lender Bank of Baltimore. Rosenthal Shuler Realty Partners represented the seller. The building renovated and upgraded to class A in February 1997 by The Weihe Partnership. Renovations included: interior demolition of existing space; new restrooms; facade cleansing; new windows; new retail storefronts; completely new lobby; and refurbished elevators. Originally designed by Robert F. Beresford, this property is Washington, D.C.'s first Art Deco office building.

A v a i l a b l e  S p a c e
FloorSpace AvailableOccupancyLease LengthUseAnnual Rent
Floor 2 9,642 SFSeptember 20153-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 3 9,642 SFSeptember 20153-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 4 2,629 SFNovember 20143-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 4 1,703 SFNovember 20143-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 6 2,825 SFVacant3-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 6 5,119 SFVacant3-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 7 9,642 SFSeptember 20153-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 8 3,638 SF30 DaysThru Jun 2017 SubletOffice$38.00/SF/Full Service Gross
Floor 11 3,547 SFJanuary 20153-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
M a j o r  T e n a n t s
TenantFloor(s)IndustryOccupancy
Democratic Governors Association2,8Personal Services19%
Parsons Brinckerhoff3,7Engineers/Architects14%
U.S. Association of Former Members of Congress5Personal Services6%
F o r   M o r e   I n f o r m a t i o n   C o n t a c t     
Mark Klug
CBRE
750 9th St NW, Suite 900
Washington, DC 20001
(202) 585-5551 (phone)
(202) 783-1723 (fax)
Max Friedman
CBRE
750 9th St NW, Suite 900
Washington, DC 20001
(202) 585-5506 (phone)
(202) 783-1723 (fax)
 
Abigail Todd
CBRE
750 9th St NW, Suite 900
Washington, DC 20001
(202) 783-8200 (phone)
(202) 783-1723 (fax)

Powered by CoStar Group, Inc.
Copyright© 1997-2014 CoStar Realty Information, Inc. All rights reserved. By using this site, you agree to our Terms of Use