Marx Realty Secures 8K-SF Office Lease at Herald Building in D.C.
New York-based owner, developer and manager of office, retail and multifamily properties Marx Realty has secured a 10-year office lease with CGCN Group for 8,000 square feet of space at the 6th floor at the Herald office building in D.C.
Located at 1307 New York Ave., the property recently underwent a $41 million hospitality-infused transformation. The transformation blends a New York club-like vibe with a sophisticated DC design sensibility. CGCN works with clients in crafting strategies to shape policy and regulatory debates and serves as a liaison for creating and managing relationships and coalitions with everyday voters, activists, non-profits, businesses, and trade groups. The property was built in 1923 and acquired by Marx Realty in April of 2020.
“We are excited to welcome CGCN to The Herald as companies seek thoughtfully designed spaces and bring employees back to the workplace,” said Craig Deitelzweig, CEO at Marx Realty. “The hospitality-like aesthetic and the details we’ve infused into every nook are a big draw for discerning firms seeking a sophisticated aesthetic and spaces where employees will enjoy coming to work.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.