Capitol Riverfront Class-A Office Building Maintains 100% Occupancy
Newmark Knight Frank (NKF) announced that it has completed a 27,912-square-foot lease transaction at 1100 New Jersey Avenue, SE in the Capitol Riverfront neighborhood on behalf of the building’s owner, WC Smith, with Unity Health Care (Unity). Unity provides a full-range of health and human services to meet the needs of District residents through a network of over 20 traditional and non-traditional health sites and a mobile medical outreach vehicle.
NKF’s Chairman, Metropolitan Washington Asset Services Brendan Owen and Associate Morgan Monroe of NKF represented the owner, WC Smith. NKF’s Senior Managing Director Doug Damron and Managing Director Chris Lucey represented Unity Health Care.
“This was an ideal opportunity for Unity Health Care to relocate its administrative headquarters operations to an amenity rich neighborhood and close to the Metro, while still being economically prudent,” said NKF’s Damron.
Centrally located in the flourishing Capitol Riverfront neighborhood at Navy Yard Metro Station, the 10-story 1100 New Jersey Avenue, with four sides of glass, was recently renovated adding a new fitness center, innovative conference centers and a bike storage facility. The Class A building overlooks the Potomac River, US Capitol, Canal Park and Nationals Park and offers access to a multitude of surrounding restaurants, 10 acres of parks and many other amenities. The Capitol Riverfront is a unique option for tenants looking for space in a highly amenitized and accessible area.
“1100 New Jersey continues to be a success. We’ve been 100 percent leased and in April secured a deal with Unity Health Care for the space that Alion gave back,” said Owen.
“We’re pleased to welcome Unity Health Care to the building’s strong tenant base which includes the African Wildlife Foundation, Watkinson Miller and more,” said WC Smith’s Executive Vice President, Edward Wolynec.
Image of the building can be found here.
About WC Smith
WC Smith is a multidisciplinary real estate firm based in Washington, DC. Their holistic approach to real estate development and firm ground in Washington have helped inform the model they use to create lasting, healthy communities and neighborhoods in the District. WC Smith invests in the viability and sustainability of the communities they create by building and maintaining relationships with tenants and owners, and focusing on the long term success of their properties. The thoughtful approach to property management and community development makes WC Smith a reliable and esteemed real estate firm in the DC area. The Smith Company owns/operates 10,000 units and has over $950 million of development underway in the District. For more information, visit http://www.wcsmith.com/.
About Unity Health Care
As the largest network of community health care centers in Washington, DC, Unity Health Care has been promoting healthier communities through compassion and comprehensive health and human services, regardless of ability to pay, since 1985. For more information, visit http://unityhealthcare.org.
About Newmark Knight Frank
Newmark Knight Frank, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
