1600 K Street, NW
1600 K StreetProject
Three, well-located downtown Washington, DC properties – 1600 K Street, NW, 2121 Wisconsin Avenue, NW and 2115 Wisconsin Avenue, NW -- were placed on the market in 1997 and marketed to a small select group of investors. The buildings contained a total of 360,000 square feet and were almost 90% occupied.

J Street represented a client interested in investing in additional downtown Washington, DC assets and, through a longstanding relationship with the seller and his advisor, connected the buyer and seller at an opportune time. Each building required a separate negotiation culminating in an off-market $3.65 million purchase of all three buildings, which also needed extensive renovations.

During the due diligence period, the purchaser, with J Street’s assistance, identified all major renovation projects needed to retain its current tenants and attract new ones.

Within one year of purchase, all three buildings had undergone successful renovations and achieved 100% occupancy, including a signature lease by Olives, a premier restaurant, in 11,000 square feet at 1600 K Street. J Street was responsible for the leasing and property management for all three buildings.