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Banyan Street Capital Acquires DC Office Building
Banyan Street Capital has acquired 1250 H Street, a 196,490-square-foot, Class A office building in Washington, D.C.
The aqcuisition marks the first office acquisition for Banyan’s platform that leverages domestic global high net worth and family offices at a time when many of their traditional institutional office partners remain on the sidelines.
Originally built in 1992 in the East End submarket of D.C., 1250 H Street sits at the prominent corner of 13th Street just a few blocks from the White House and the CityCenterDC mixed-use development.
Banyan’s capital plans will prioritize the tenant experience, including a full upscale lobby renovation and expansion. Banyan will also create ready-to-move-in suites tailored in size to meet the demand for tenants in the D.C. market.
Banyan Street Capital will handle property management and oversee the capital improvements, and has retained the Cushman & Wakefield team of Phil Dickinson, John Benziger and Chris Getz to advise and execute on leasing.
