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December 18, 2020 Comments Off on JV Acquires Trophy Office Asset in D.C. for $106M Views: 400 D.C. News, Top Washington, D.C., Washington, D.C. News

JV Acquires Trophy Office Asset in D.C. for $106M

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A joint venture between MC Real Estate Partners and an international family office has acquired 1000 F Street, a trophy office asset in Washington D.C.’s East End submarket. The transaction was valued at approximately $106 million. The seller, Douglas Development, was represented by the Washington D.C. office of Eastdil Secured.

Built in 2017, the 95,000-square-foot, glass-lined building was incorporated into an existing two-story historic structure. The property is currently fully leased.

“MCRE is thrilled to have completed the acquisition of 1000 F Street, our second D.C. acquisition under our current platform. The purchase of this fully leased trophy level property is wholly consistent with our mission of pursuing acquisitions that best match the capital requirements of our partners across economic cycles,” said Andy Nathan, managing principal at MCRE. “Douglas Development did an outstanding job with 1000 F. The property has all a tenant could ask for – dramatic ceiling heights, boutique floor plates, private terraces on five floors and terrific access to mass transit and area amenities.”

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