January 11, 2021
JLL has arranged the $58.5 million leasehold sale of 1717 Rhode Island, a 157,050-square-foot boutique office building in downtown Washington, D.C.
Located on nearly half an acre, the property is adjacent to the historic Cathedral of St. Matthew the Apostle at the confluence of Rhode Island Avenue, Connecticut Avenue and M Street. The live-work-play area is nearby three Metrorail stations as well as Dupont and Logan Circles. Amenities at the property include private terraces on the upper floors, a fitness center, two-story lobby and a three-level parking garage. The building is currently 86% leased to a tenant roster that includes the East Coast hub of Uber, Steve Case’s Revolution, and The Case Foundation.
Jim Meisel, Andrew Weir, Matt Nicholson and Dave Baker of JLL represented the seller, BentallGreenOak, in the transaction. Tritower Financial Group acquired the asset.
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