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Ocean West Capital Partners Secures Extended Lease with District of Columbia
Ocean West Capital Partners executed an eight-year lease extension with the District of Columbia, through its Department of General Services, at Sentinel Square II, located at 1050 First Street NE in Washington, D.C.’s NoMa submarket.
The District has been a valued tenant at Sentinel Square II for nearly a decade. Although their lease was not scheduled to expire until 2029, Ocean West proactively negotiated a long-term extension that secures the tenancy for an additional eight years while increasing the property’s weighted average lease term by nearly five years.
Ocean West led the lease negotiations on behalf of ownership, coordinating closely with the District, tenant and landlord representatives. “We greatly value our long-standing relationship with the District of Columbia and are pleased to have reached an outcome that supports both the District’s continued occupancy at Sentinel Square II and ownership’s long-term objectives,” said Russ Allegrette, Chief Executive Officer and Co-Founder of Ocean West Capital Partners.
