Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
IGIS, KanAm Plan $40M in Upgrades for DC Office Building
IGIS Asset Management and its advisor, KanAm Grund Group are in the midst of a $40 million improvement campaign and repositioning of Gallery Court, an office property located at 810 7th Street NW in Washington, D.C.
The 250,000-square-foot building is located in the city’s East End submarket near The National Portrait Gallery, Gallery Place and Capital One Arena. A CBRE team of Mark Klug, Emily Eppolito and Dimitri Hajimihalis will lead the leasing campaign.
New amenities to the building will include private tenant terraces, a 6,000-sqaure-foot penthouse addition, a 3,500-sqaure foot lounge and coffee bar space, and 3,000 square feet of private office space.
KanAm Grund, which is headquartered in Germany and has U.S. office in Atlanta, has been managing the asset for over a decade. “Gallery Court is a unique asset that will be introduced to the private sector for the first time in 20 years after a long-term GSA tenancy,” said Manish Bhatia, Managing Director at KanAm Grund.
