1425 New York Avenue, NW
Project
1425 New York Avenue is a 265,000 square foot mid-block building built on a speculative basis in 1991 by LCOR (then Linpro) and Nomura Real Estate.

Challenges
The timing for the delivery of 1425 New York Avenue proved to be very problematic as the economy was experiencing a sharp downturn and the supply of building deliveries in this period greatly exceeded demand.

Solutions

Although the building was designed for, and was expected to appeal to, the private tenant market, Linpro quickly made the decision with Nomura to pursue government agencies. Up to then, the GSA was not a favored tenant, but with the massive delivery of new buildings, GSA became a valuable tenant.

Results
After completing the building in summer 1991, J Street was able to secure the Department of Justice for 230,000 square feet, the Department of Treasury for 20,000 square feet and a world class day care facility for 15,000 square feet. To this day, Justice, Treasury and the US Kids Child Development Center continue to occupy space in 1425 New York Avenue.