{"id":43299,"date":"2025-06-30T07:37:24","date_gmt":"2025-06-30T04:37:24","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=43299"},"modified":"2025-06-30T08:39:17","modified_gmt":"2025-06-30T05:39:17","slug":"shorenstein-buys-k-street-office-building-washington-d-c","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/shorenstein-buys-k-street-office-building-washington-d-c\/","title":{"rendered":"Shorenstein Buys K Street Office Building in Washington, D.C."},"content":{"rendered":"

San Francisco-based real estate investment company Shorenstein Investment Advisers (\u201cShorenstein\u201d) recently announced the acquisition of a trophy office property prominently located in the Washington, D.C. East End submarket.<\/p>\n

The property at 901 K St. is a 12-story, European-style trophy class office building situated in a Metro-accessible location that\u2019s within close proximity to a variety of shops, restaurants, entertainment, and business services, as well as the Walter E. Washington Convention Center, Capital One Arena, and CityCenterDC.<\/p>\n

Known as a hub for numerous advocacy groups, law firms, trade associations, and think tanks, K Street is a major thoroughfare in the nation\u2019s capital. Its influence in national lobbying is comparable to that of New York\u2019s Wall Street in finance.<\/p>\n

The property features a modern exterior with a richly textured fa\u00e7ade; floor-to-ceiling glass windows providing tenants natural light and sweeping views of the D.C. skyline; and interior design combining polished stone, warm woods and premium lighting.<\/p>\n

Amenities include: an expansive rooftop terrace with a catering kitchen for events; private terrace spaces; a fully equipped customer-only fitness center; and a parking garage offering more than 220 spaces. What\u2019s more, the new owner of the property is already planning to add a new, state-of-the-art conference facility and modern tenant lounge.<\/p>\n

\u201c901 K Street complements our investment strategy of acquiring high-quality and next-generation office space at a meaningful discount to replacement cost,\u201d said Sean Fay, vice president at Shorenstein. \u201cThe in-place tenancy provides stable cash flow for the investment, and with the reset basis, we will be able to attract users seeking trophy-like product at a discount to the competition. We look forward to delivering value to our existing tenants, prospects, and Shorenstein investors with this investment.\u201d<\/p>\n

Tenants currently on the roster include technology corporation Microsoft; law firm and lobbying group Baker Donelson; and satellite communication service company ViaSat. An Avison Young team of Eli Barnes, Jonathan Wellborn, and Will Stern will market the property further to attract additional tenants.<\/p>\n

Originally completed in 2009, the building incorporates more than 215,000 square feet of rentable Washington, D.C. office space<\/a>. Featuring floor plates spanning nearly 23,000 square feet, including roughly 4,300 square feet of retail on the ground floor, as well as a LEED Platinum certification, 901 K St. is sure to be an easy pitch going forward.<\/p>\n

\"Office<\/a>

The property at 901 K St. NW incorporates more than 215,000 square feet of LEED Platinum-certified Washington, D.C. office space and rises 12 stories above one of the capital\u2019s most prominent thoroughfares.<\/em><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Shorenstein bought the Washington D.C. office property at 901 K street as part of its investment strategy that focuses on high-quality and next-generation office space properties offering tenants a trophy-grade experience.<\/p>\n","protected":false},"author":48,"featured_media":43301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,4014,39],"tags":[],"class_list":["post-43299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nShorenstein Buys 901 K Street Office Building | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Shorenstein acquires highly desirable office property in Washington, D.C. 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