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Washington DC  + Office  | 

DC Office Building Trades for $100M

DSC Partners LLC acquired 1250 Eye Street NW in Washington, DC for $100 million in a joint venture with Wafra Inc., on behalf of an institutional investor. Built in 1982, the roughly 178,000-square-foot,12-floor office building was renovated in 2007 and sits on Franklin Square, which will undergo a $14 million renovation next year.

DSC’ Nick Smith says, “We saw this as a rare opportunity to acquire and reposition a high-performing, conveniently-located building – effectively reintroducing it to the tenant and brokerage market.”

The property is 70% leased by 16 tenants, including HKS Architects, eBay and PayPal, American Hotel & Lodging Association, and the Distilled Spirits Council. It is located one block from the McPherson Square Metro Station, two blocks from Metro Center Metro Station and CityCenterDC.

NKF’s James Cassidy and Jud Ryan represented the unnamed seller, while financing on behalf of the JV was provided by NKF’s Joe Donato.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition