Newmark Grubb Knight Frank (NGKF) today announced that it has completed three lease transactions totaling 26,332 square feet at 1100 New Jersey Avenue, SE in the Capitol Riverfront neighborhood on behalf of the building’s ownership, WC Smith.
New tenants include:
- The African Wildlife Foundation (“AWF”) - leased 15,024 square feet on the ninth floor, relocating from 1400 16th Street NW
- Law firm Watkinson & Miller - leased the remaining 8,630 square feet on the ninth floor, relocating from One Massachusetts Avenue NW
- Defense, business and government contractor Assett Inc. - leased the remaining 2,678 square feet on the seventh floor for a new office in DC
Chairman, Asset Services Brendan Owen, Associate Rafael Notario and Transaction Services Specialist Morgan Monroe of NGKF facilitated the lease transactions on behalf of WC Smith. Managing Principal Bill Zonghetti and Associate Director David Hardcastle of NGKF represented AWF. Terry Amling of Lincoln Property Company represented Watkinson & Miller, and Neil Narcisenfeld and Sarah Frick of Ezra Company represented Assett, Inc.
“It’s a very competitive market for landlords with Class A space in DC right now. The ninth floor leases reflect a larger trend in the Washington, DC market,” said NGKF’s Brendan Owen, Chairman, Asset Services. “The Capitol Riverfront, particularly 1100 New Jersey Ave, is attracting tenants away from the historically dominant submarkets like the CBD and East End. The amount of high-quality office relocation options and the Capitol Riverfront’s accessibility, ample green space, and new retail tenants like All Purpose Pizzeria and CIRCA are responsible for this shift.”
WC Smith’s Executive Vice President Edward Wolynec commented, “The leasing momentum that we’re experiencing at 1100 New Jersey Avenue is indicative of the Capitol Riverfront’s continued success and growth. We are proud to welcome AWF, Assett, Inc. and Watkinson & Miller to the building’s strong tenant base. They join the recently signed Intelligent Transportation Society of America, Michigan State’s Government Affairs Office, and Trusted Health Plans, which all relocated to 1100 New Jersey from other submarkets. Another 140,000 square feet of contiguous space will come available on the third through sixth floors of the building in September of 2018, and we are already seeing a lot of interest.”
Centrally located in the Capitol Riverfront neighborhood at the Navy Yard Metro Station, 1100 New Jersey Avenue is a newly renovated 10-story, Class-A building overlooking the Potomac River, US Capitol, Canal Park and Nationals Park. In addition to a multitude of surrounding restaurants, ten acres of parks andother amenities, the property’s new 2017 renovations, include a brand new fitness center, new conference center and bike storage facility. The property also features 11-foot slab heights and four sides of glass with ballpark and river views. The Capitol Riverfront is a unique option for tenants looking for space in a highly amenitized and accessible area.
About WC Smith
WC Smith is a multidisciplinary real estate firm based in Washington, DC. Their holistic approach to real estate development and firm ground in Washington have helped inform the model they use to create lasting, healthy communities and neighborhoods in the District. WC Smith invests in the viability and sustainability of the communities they create by building and maintaining relationships with tenants and owners, and focusing on the long term success of their properties. The thoughtful approach to property management and community development makes WC Smith a reliable and esteemed real estate firm in the DC area. The Smith Company owns / operates 10,000 units and has over $950 million of development under way in The District. For more information, visit http://www.wcsmith.com/.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.