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Carr Properties Announces the Acquisition of 1875 K Street, NW, in Washington, DC

(January 11, 2017)

WASHINGTON--(BUSINESS WIRE)--On January 6, 2017, Carr Properties acquired 1875 K Street, NW, a 99% leased, 190,345 square foot, Class A office property in Washington, DC, from Shorenstein Properties.



Completed in 2002, 1875 K Street is situated in the heart of Washingtons Central Business District and is located at the corner of 19th and K Streets, NW. The building is anchored by prominent tenants including Willkie Farr & Gallagher LLP, WeWork, Stroock & Stroock & Lavan LLP, and Shipman & Goodwin LLP. The building features efficient 14,000 17,000 square foot floorplates, finished ceiling heights in excess of 9 feet, an enclosed furnished penthouse with adjoining roof terrace, and a 4,000 square foot, first-class fitness center.

Property management and leasing services will be managed by Carr Properties. Eastdil Secureds Washington office arranged the sale of 1875 K Street on behalf of Shorenstein.

About Carr Properties


Carr Properties is a privately held real estate investment trust focused on creating value for its shareholders through the ownership, acquisition and development of high-quality office properties in the greater Washington area. The company maintains ownership of 16 commercial office properties totaling over 4 million SF as well as five major development properties: Midtown Center and 350 Morse Street in Washington, DC; 7272 Wisconsin Avenue in Bethesda, Maryland; 2311 Wilson Boulevard and 2025 Clarendon Boulevard in Arlington, Virginia. Upon completion, these projects will add an additional 2.4 million SF of trophy-quality office space to the companys portfolio. The company is continuing to expand its portfolio through strategic investments.


Contacts

Carr Properties
Dominique Daschle, 202-303-3080


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