Washington REIT is under contract to acquire Arlington Tower, a 398,000 square foot Class A office building in the heart of the rapidly developing Rosslyn submarket of Arlington, VA for $250 million. This 19-story property at 1300 North 17th Street is situated just two blocks from the Rosslyn Metrorail station, and provides panoramic views of the Potomac River, downtown Washington’s iconic monuments, and the US Capitol.
Washington REIT has broken ground for The Trove, a new 401-unit trend-setting apartment community in the close-in Columbia Pike corridor of Arlington, VA. Three new seven-story buildings offering stellar amenities are scheduled to start delivering in 2019. The Trove is designed to provide the convenience of comparable apartment communities, but with more amenities and at a lower price point.
Washington REIT has leased a full floor (13,000 square feet) at the historic Army Navy Building in the heart of Washington, DC to a major national nonprofit organization. The 109,000 SF LEED Gold certified building is now 71 percent leased to a variety of prestigious tenants. At the same time, Washington REIT is completing a thoughtful $4 million renovation that has created a VIP tenant amenity in previously under-utilized space.
Washington REIT has signed a contract to acquire 600 New Hampshire Avenue, NW, a 309,000 square foot Class A office building on the Potomac riverfront in Washington, DC, for approximately $135 million ($437 per square foot). Built in 1972 and renovated extensively in 1997, the 12-story Watergate 600 is one of the six buildings that comprise the internationally recognized Watergate complex. Atlantic Media is the lead tenant under a long-term lease.