First ground-up office development in Union Market
Avison Young, the world’s fastest-growing commercial real estate services firm,announced today that it has been named the exclusive leasing agent for Signal House at 350 Morse Street, NE in Washington, DC’s Union Market submarket.
The building’s owner, Carr Properties, recently closed on the acquisition of the office component of the mixed-use property and has plans for a 10-story, 225,000-square foot office development designed by Gensler. Signal House is situated in the heart of the Union Market submarket, located just minutes from Union Station, the H Street Corridor and the U.S. Capitol.
The Avison Young team of Principals Jonathan Wellborn, Eli Barnes, Will Stern and Greg Tomasso was awarded the assignment by Carr Properties.
“We’re extremely excited to partner with Avison Young on our ground-up creative office development, Signal House,” comments Austen Holderness, Chief Development Officer for Carr Properties. “Avison Young has been the most active team in the Union Market office submarket, and we value the firm’s in-depth knowledge and experience in leasing creative office at Union Market.”
Signal House will be a one-of-a-kind office building in Washington, DC. The building will have private terraces on half of its floors, 10-foot ceiling heights and views of the Capitol – all the while situated in Union Market, which is one of the most dynamic mixed-use neighborhoods in the Metro Washington area.
“Signal House will be the first ground-up office development in Union Market, and its unique attributes will cater to the growing office demand in one of the city’s truly authentic neighborhoods,” adds Wellborn. “We are proud to partner with Carr Properties on this transformational development and we are confident that it will attract tenants searching for a new home in Washington, DC.”
About Avison Young
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 82offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
About CARR
Carr Properties is a privately held real estate investment trust which maintains ownership of 15 commercial office properties totaling approximately four million square feet, as well as five major development projects, in Washington, DC, and the close-in urban sub-markets of Maryland and Virginia. Upon completion of its development pipeline, these projects will add an additional 2.4 million square feet of trophy-quality office space to the company’s portfolio.
