Washington, DC Commercial Real Estate

 

 Featured Stories

 
17 September 14
CBRE Arranges $31 Million Sale of Advantage Business Park in Aberdeen, MD CBRE announced the sale of Advantage Business Park, a 528,780-square-foot industrial bulk warehouse in Aberdeen, Maryland. Advantage Business Park was acquired from 504 Advantage Way, LLC by SK Realty Management for $31 million. Jonathan Beard, along with Bo Cashman and Bill Pellington of CBRE’s Baltimore office, arranged the sale.
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16 September 14
CBRE Announces Multi-Million Dollar Trophy-Class Renovation for 1800 K Street in DC CBRE today announced the $40 million Trophy-class transformation of 1800 K Street NW. The 217,070 square-foot office building located on one of DC’s most prominent intersections, 18th and K Streets NW, will become Washington DC’s newest Trophy-class asset, with completion scheduled for the first quarter of 2016.
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11 September 14
Warren Mayberry Joins CBRE Occupier Services Team CBRE has announced the addition of Warren Mayberry as a First Vice President with its Occupier Services team in the Tysons Corner office. Mayberry comes to CBRE from Colliers International, where he specialized in tenant representation in Northern Virginia.
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11 September 14
CBRE Arranges two Leases Totaling 30,000 SF that Clear Way for Relocations to North Rockville CBRE CBRE arranged two leases that bring two leading firms to Park Plaza I, a Class A office property owned by Carr Properties at 2101 Gaither Road in the heart of the I-270 technology corridor in North Rockville, MD. As a result of the transaction, Monument Bank will take 24,000 square feet and will relocate later this year from two downtown Bethesda locations. Engineering and planning firm Dewberry will occupy 5,800 square feet.
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10 September 14
Douglas Development and CBRE Announce Dramatic Transformation of Historic Downtown DC Corner The historic corner of 10th Street and F Street will undergo reconstruction to add a 94,000 square-foot landmark office property at 1000 F Street, NW in Washington, DC. The transformation will begin later this year, according to CBRE, exclusive leasing agents for ownership, Douglas Development. All retail tenants have now vacated and demolition of existing retail structures will begin shortly to clear the way for the new trophy addition to the existing historic structure. Delivery is expected in summer 2016.
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 Office Description

 
The Washington, DC office of CBRE is one of the country's most active market areas. More than 75 professionals provide a complete spectrum of commercial real estate brokerage services including owner and tenant leasing, acquisition and sales, marketing and consulting to owners, investors and occupiers of all property types.
 
The Washington, DC competitive office market is comprised of 121.4 million square feet in almost 700 properties in nine submarkets throughout the District of Columbia. The core downtown markets of the CBD and East End hold the majority of office product with 38.2 million square feet and 42.4 million square feet, respectively. Capitol Hill consists of 4.8 million square feet, while Southwest has more than 12.0 million square feet. Uptown and Georgetown, the most western and northern submarkets, have a combined 9.8 million square feet. Since 2005, two new submarkets, NOMA and Capitol Riverfront, were formed, and they currently are comprised of more than 12.0 million square feet. In total, the District of Columbia accounts for over 32% of the Washington, DC Metro Region’s competitive office real estate market.
 
Please visit CBRE's Washington, DC Area page.