Shorenstein Expands Portfolio with Acquisition of 901 K Street in D.C.

Shorenstein Acquires 901 K Street in Washington, D.C.



Shorenstein Investment Advisers, renowned for its extensive portfolio of high-quality office, residential, and mixed-use properties, has made significant strides in the commercial real estate sector. Recently, the company announced the acquisition of 901 K Street, a magnificent trophy office building positioned in Washington, D.C.'s vibrant East End submarket. This new addition spans 219,956 square feet and is perfectly situated in a neighborhood that's rapidly evolving into a hub for top-tier office tenants.

A Strategic Location



901 K Street is located in a dynamic area known for attracting high-quality tenants focused on next-generation workspaces. The striking modern exterior, characterized by floor-to-ceiling glass windows, promises abundant natural light and stunning views of the D.C. skyline. Such an aesthetic undoubtedly contributes to a productive and appealing working environment.

Beyond its stunning façade, the property boasts an impressive array of top-notch amenities. These include a fully equipped fitness center to promote employee health and wellness, a 222-space parking garage with a 1/1,000 parking ratio, and a beautifully designed rooftop terrace complete with a catering kitchen for events, along with private terrace spaces. Shorenstein is already taking steps to enhance the overall experience for tenants by adding a cutting-edge conference facility and modern lounge spaces.

Diverse Tenant Base



901 K Street stands out not only for its features but also due to its current tenants, which encompass prominent companies such as Microsoft, and Baker Donelson, and ViaSat. This diverse tenant mix reflects the demand from various sectors and underscores the building’s status as a sought-after asset in the East End’s office cluster. The property's proximity to pivotal landmarks such as the Convention Center, Capital One Arena, and CityCenterDC adds to its strategic advantage, providing easy access to exceptional dining, upscale apartments, and nearby hotels, all while being conveniently located near metro stations.

Sean Fay, Vice President at Shorenstein, emphasizes the significance of this acquisition: "901 K Street complements our investment strategy of securing high-quality and next-generation office space at a considerable discount to replacement cost. The established tenancy guarantees stable cash flow, and with the reset basis, we will effectively attract users looking for trophy-like spaces at a competitive price. We are eager to add value for our existing tenants and our investors with this promising investment."

Architectural Recognition



The architectural brilliance of 901 K Street has not gone unnoticed. The property has received accolades for its construction excellence, being honored with the ABC of Metro Washington Excellence in Construction Award and the Mid-Atlantic Construction Magazine Best Project Award. This not only affirms the quality of the building but also positions it favorably within the commercial real estate landscape.

As Shorenstein continues to identify and seize opportunities within the market, their expansion through properties like 901 K Street exemplifies their commitment to delivering exceptional office and mixed-use environments. With significant investments made since its inception, including $19.56 billion in assets (as of December 31, 2024), Shorenstein remains poised to meet the evolving needs of today’s workforce while providing attractive returns for its investors.

To learn more about Shorenstein and its mission to create high-quality properties across the U.S., visit www.shorenstein.com.

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