Newmark announced it has been selected as the exclusive office leasing agent for the Tower Building at 1401 K Street, NW in Washington, DC. The 123,000-square-foot iconic art deco building sits in the heart of downtown at the intersection of the K Street business district and bustling 14th Street corridor.
The property is managed by The RMR Group, an alternative asset management firm with approximately $30 billion of assets under management, including more than 1,700 properties, as of September 30, 2018.
The mixed-use building, which features ground-floor retail and office space, has undergone a tenant-focused transformation to enhance the workplace experience of its occupants. In addition to on-site property management and a tenant-only fitness center, the Tower Building boasts new amenities including a spacious conference room, vibrant collaboration lounge and an abundant bike storage facility. One block from the McPherson Square Metro station, 1401 K Street is walkable from the Red, Orange, Blue and Silver Lines.
“1401 K Street is a prominent address that benefits from its central downtown location while simultaneously offering tenants easy access to retail and dining on 14th Street,” said Brendan Owen, Newmark chairman, Asset Services. “Along with location, the open floorplans and art deco inspired design offers a unique experience that will continue to attract dynamic tenants to the building.”
Newmark Chairman, Asset Services Brendan Owen, Executive Managing Director Edwin M. Clark III, Director Suzanne White, Associate Morgan Monroe and Regional DC Marketing Director Alicia Karr will handle the leasing and marketing of the office space. There is currently 13,543 square feet of office space available in the building.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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