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NEWS - Press Releases
11/11/2008 - J Street Development Signs YWCA USA to Full Floor at 111 K Street, NEKaren Widmayer
For Immediate Release --Washington, D.C. –November 11, 2008 – J Street Development, one of Washington’s most active developers, today announced the signing of a purchase agreement with the YWCA USA for approximately 9,400 square feet, which includes the entire 11th floor at 111 K Street, NE, in the “NoMa” (North of Massachusetts Avenue) area of downtown Washington, DC. YWCA USA joins The Sierra Club and the National Association of Student Personnel Administrations (NASPA) at this unique, Class A office condominium project that will have a number of "green" and energy efficient elements. Including the YWCA USA, 111 K Street is now 60% committed and under construction.
“We are very pleased to have the YWCA USA at 111 K Street,” said J Street Development President, Bruce Baschuk. “The incredible attraction of NoMa – its location, access to Capitol Hill, unmatched transportation connections and exciting amenity base – is continuing to appeal to non-profits and for-profits alike, demonstrating the long-term viability of this natural extension of downtown Washington.”
“The YWCA is very excited to be part of the emergence of this vibrant community,” said Lorraine Cole, PhD, YWCA USA’s CEO. “111 K Street allowed us to move to a brand new building with the amenities, financial structure and floor sizes to give us the ability to manage our future office needs and create value for our organization through ownership of our space. We know our employees will appreciate the access to two Metro stations, MARC commuter trains and all of the shops in NoMa and Union Station.”
111 K Street is an 11-story, approximately 90,000 square foot, Class A office condominium now under construction just north of Capitol Hill in the NoMa submarket of downtown Washington, DC. The contemporary, all-glass Gensler-designed structure will feature significant “green” elements, including a striking rooftop terrace that also serves as an element of the storm water management plan, energy-efficient building system and locally-sourced and recycled building materials, 9-foot ceilings, shared conference facilities, underground garage parking, a landscaped roof terrace and views to the U.S. Capitol. 111 K offers one of the rare opportunities for Class A condominium ownership in Washington.
J Street Development extends their appreciation to Bill Meyer of The Meyer Group for his representation of the YWCA and to Bruce Pascal, Mark Klug, Doug Mueller and Bobby Blair of CBRE for their representation of 111 K Street and J Street Development.
About the YWCA
The YWCA USA is a national not-for-profit membership organization dedicated to social service, advocacy, education, leadership development, and racial justice. Its mission is the empowerment of women and the elimination of racism. Established in the United States in 1858, the YWCA is the oldest and largest national women’s organization, and celebrating its 150th anniversary. Through its nearly 300 affiliated local YWCAs and its headquarters in Washington, D.C., the YWCA serves 2.5 million women and girls each year. Globally, the YWCA USA is a member of World YWCA, which has affiliates in 122 countries that serve 25 million women and girls worldwide. For more information, visit www.ywca.org. Contact: Nancy Loving, Communications Director, at 202-467-0801 or nloving@ywca.org.
About J Street Development
J Street Development is focused on the acquisition, development and redevelopment of office and mixed-use properties in Washington, DC. Committed to the creation of environments that deliver value to neighborhoods and investors alike, the company’s efforts emphasize urban revitalization. One of Washington’s most active urban developers, J Street has more than one million square feet of mixed-use projects under development in the City today.
The J Street Companies, through affiliated companies Woodmark Commercial, J Street Development and Randall Hagner Residential, offer a complete array of real estate services including commercial sales and leasing, property management, development, project management, capital markets and residential sales.
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Karen Widmayer
Vice President, Corporate Communications
202-857-4370
kwidmayer@jstreetcompanies.com