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
Alex Walker (202) 333-0079
Carroll Cavanagh (202) 585-5586
William G. Miller (202) 333-0339
Abigail Todd (202) 585-5650
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: 38,890 SF
Secondary Type: - Max Contig Space: 12,367 SF
Class: B Annual Rent: $37.50 - $65.00/SF
Building Size: 126,852 SF % Leased: 70.9%
Year Built/Renov: 1929 / 1997 Typical Floor Size: 9,648 SF
Stories: 12 Elevators: -
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 LL 4,245 SFVacant10 yrs ReletRetail$45.00/SF/Triple Net
Floor LL 2,489 SFVacant5-10 yrs ReletRetail$37.50/SF/Triple Net
Floor 1 4,770 SFVacant10 yrs ReletRetail$45.00/SF/Triple Net
Floor 1 2,063 SFVacant5-10 yrs ReletRetail$65.00/SF/Triple Net
Floor MEZZ 3,352 SFVacant10 yrs ReletRetail$45.00/SF/Triple Net
Floor 5 1,835 SFVacantNegotiable ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 6 1,760 SFVacantNegotiable ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 7 9,999 SFVacant3-10 yrs ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 8 2,729 SFVacantNegotiable ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 8 1,991 SFMarch 2016Negotiable ReletOffice$48.00 - $52.00/SF/Full Service Gross
Floor 11 3,657 SFVacant3-10 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
Parsons Brinckerhoff3,7Engineers/Architects14%
Center for Democracy & Technology2Business Services8%
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)
Alex Walker
MILLER WALKER Retail Real Estate
2715 M St NW, Suite 200
Washington, DC 20007
(202) 333-0079 (phone)
 (fax)
 
Carroll Cavanagh
CBRE
750 9th St NW, Suite 900
Washington, DC 20001
(202) 585-5586 (phone)
(202) 783-1723 (fax)
William G. Miller
MILLER WALKER Retail Real Estate
2715 M St NW, Suite 200
Washington, DC 20007
(202) 333-0339 (phone)
 (fax)
 
Abigail Todd
CBRE
750 9th St NW, Suite 900
Washington, DC 20001
(202) 585-5650 (phone)
(202) 783-1723 (fax)

Powered by CoStar Group, Inc.
Copyright© 1997-2016 CoStar Realty Information, Inc. All rights reserved. By using this site, you agree to our Terms of Use