The Rockefeller Group Announces 32,709-sf of Leasing at 1101K St.
- The Rockefeller Group completes 29,142-sf lease with the American Forest & Paper Association at East End Class-A office tower
- Occupancy rises to approximately 95% from 83% one year ago
WASHINGTON, D.C. – June 13, 2013 – The Rockefeller Group and Mitsubishi Estate New York today announced new leases at 1101 K St. NW, the 10-story Class-A office tower acquired in 2011.
The American Forest & Paper Association, the public policy organization and advocacy group for the U.S. pulp, paper, packaging and wood products manufacturing industry, leased 29,142 square feet. A computer services and technology company leased 3,567 square feet. The new leases bring occupancy in the building to approximately 95 percent, up from 83 percent less than 12 months ago.
Ownership was represented by Mark Richardson and Jackie Raff of Transwestern. The American Forest & Paper Association was represented by Eric West and Mindy Saffer of West Lane Schlager. The computer services and technology company was represented by Brian Cornrich of CRESA Partners.
“We are very pleased to add two more great organizations to 1101 K St. NW,” said Dennis Irvin, President and CEO of The Rockefeller Group’s investment management arm, Rockefeller Group Investment Management (RGIM). “The building continues to attract demand due to its quality, amenities and central location, resulting in strong occupancy.”
The Rockefeller Group and Mitsubishi Estate New York acquired the building in 2011. The building, which is bounded by K and L Streets NW and 11th and 12th Streets NW, was completed in 2006. In addition to a central location close to the CityCenterDC development project, amenities include on-site parking, a fitness center and outdoor roof terrace. The building is also home to the restaurant Brasserie Beck.
The remaining available space in the building includes 6,100-square-feet of divisible office space and two pre-built suites of approximately 3,400-square-feet each. The building is certified LEED® Gold by the U.S. Green Building Council.
About The Rockefeller Group
The Rockefeller Group is a national owner, developer, and investment manager of institutional grade urban office, suburban office, medical office, mixed-use urban complexes, corporate headquarters, and industrial real estate. The company is headquartered in New York, with regional offices in Arizona, California, Florida, Maryland, New Jersey and Washington, D.C. The Rockefeller Group began with the development of Rockefeller Center in New York City. Since 2009, the company has developed more than 5 million square feet of office and industrial real estate, and in 2012 was ranked among the leading companies in the nation for office and industrial development by National Real Estate Investor magazine. The company’s investment management group has acquired more than 1.3 million square feet of class-A office space in core U.S. markets since 2011 in joint ventures with Mitsubishi Estate New York. For more information about The Rockefeller Group, visit www.therockefellergroup.com.
About Mitsubishi Estate New York
Mitsubishi Estate New York (MENY) is the U.S. investment arm of Mitsubishi Estate Co. Ltd., a comprehensive global real estate developer and investor whose consolidated businesses include building leasing, residential development and sales, and architecture, as well as real estate brokerage and hotels. Since its establishment in 1972, MENY has invested in numerous real estate projects including the 777 Tower building in Los Angeles and the PacWest Center in Portland. In 2008, MENY purchased the premier office building One North Central in Phoenix. Since 2011 MENY has purchased three class-A office buildings in joint ventures with The Rockefeller Group in major U.S. markets, including 1101K Street NW and 1100 1st Street in Washington, D.C., and 50 Beale Street in San Francisco.
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