(WASHINGTON, D.C.) – Hines, the international real estate firm, announced today that it has retained HFF to market for sale 1200 Nineteenth Street, a well-located, trophy-class office building in downtown Washington, D.C.
“1200 Nineteenth is one of the few LEED® Platinum multi-tenant office buildings in D.C., and it offers investors the opportunity for a pristine asset with a stable, diversified rent roll in a prominent and accessible location,” said Stephen Conley, HFF executive managing director.
1200 Nineteenth Street underwent a substantial redevelopment and expansion that was completed in spring 2009.
The building is 86 percent leased to tenants including: McKinsey & Company, Inc., USA; Squire Sanders, LLP; Navigant Consulting, Inc.; Womble Carlyle Sandridge & Rice PLLC; and MOI, Inc.
The building is being marketed on behalf of the owner, the Hines U.S. Core Office Fund.
“We are proud of the redevelopment efforts that were made at 1200 Nineteenth and continue to believe in the strength and stability of the downtown D.C. office market,” said Hines Senior Managing Director Bill Alsup.
1200 Nineteenth Street, designed by SmithGroup, is an 11-story 334,000-square-foot free-standing office building with four sides of floor-to-ceiling glass, efficient floor plates, and a trophy amenity package.
In addition to the office tenancy, the building includes 23,000 square feet of retail space that is fully leased to restaurants and a fashion retailer. The building is located at the intersection of Nineteenth and M streets in downtown Washington, close to Connecticut Avenue and K Street and a short walk from three Metro stations.
In addition to HFF’s Conley, Andrew Weir, Jim Meisel, Dek Potts and Matt Nicholson will be instrumental in the marketing effort.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).
HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales and commercial loan servicing.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,208 properties representing more than 488 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.
With offices in 104 cities in 18 countries, and controlled assets valued at approximately $23.8 billion, Hines is one of the largest real estate organizations in the world. Visit www.hines.com for more information.
All press inquiries for this matter should be directed to Andrew Weir (firstname.lastname@example.org 202/533-2504).
1200 Nineteenth Street