Newmark Grubb Knight Frank (NGKF) was appointed by EDGE Fund Advisors as the exclusive leasing agent for 1350 Eye Street NW. Brendan Owen, George Vogelei, Rafael Notario and Morgan Monroe of NGKF will handle the leasing of the iconic office building in Washington, DC’s East End.
Owned and managed by affiliates of EDGE Fund Advisors, the 12-story Class A building totals 381,074 square feet and includes a newly renovated grand marble lobby, a rooftop terrace, an exclusive fitness center with a studio and classes and an unrivaled conference center with a virtual concierge service. The building is situated at the intersection of 14th and Eye Streets, affording tenants fantastic window lines with three and a half sides of glass and panoramic views of Franklin Park, which is scheduled to undergo an $18.8 million transformation beginning in 2017.
“We are thrilled to represent EDGE at 1350 Eye Street,” said Owen, chairman of the Asset Services Group. “The property offers an abundance of windows and excellent exposure for tenants who want natural light and park views. We are excited to work with the building’s ownership, which is committed to continuously improving the experience of the tenants, as evidenced by all the recent renovations to the property.”
The property, located in East End just three blocks west of the thriving CityCenterDC and three blocks northeast of the White House, offers access to hundreds of high-end retailers and restaurants within a short walk of the building. Two of the city’s highly anticipated new restaurants, Pennsylvania 6 and Buredo Sushi, recently opened in the property’s street-level retail space.
The building offers unparalleled convenience for drivers with four levels of parking - more parking spaces than most Class A office buildings in DC - and vehicular access from 14th and Eye Streets. The parking garage also contains an updated bike storage facility for cyclist commuters. Its immediate access to the McPherson Square Metro Station (Blue, Orange and Silver Lines), proximity to Metro Center Metro Station and numerous bus lines also make it an ideal location for mass transit commuters.
About Edge Fund Advisors
EDGE Fund Advisors (together with its affiliate EDGE Funds Management LLC, “EDGE”) is a real estate investor, investment advisor and asset management firm. EDGE believes that a successful real estate investment begins and ends with hands-on asset management. EDGE provides asset selection, legal, due diligence, accounting and asset management services, including property, construction and leasing management oversight to institutional investors seeking to acquire office assets in the primary markets of the United States. For more information, please visit www.edge-funds.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank 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 12,800 professionals operate from more than 370 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 www.bgcpartners.com.