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Bernstein Buys 269,000-SF 1990 K St. for $56 Mil

WASHINGTON, DC-Through its $100-million Consortium Capital equity fund, the Bernstein Cos. of Washington, DC has purchased 1990 K. St. NW. The building is a nine-story office complex with 60,000 sf of retail space.

By Amy Vaughn | Updated on July 18, 2001

WASHINGTON, DC-Jim Luck and Warren Dahlstrom of Cushman & Wakefield represented 1990 K Partnership the sale of its office complex at 1990 K St. for $56 million. The Bernstein Cos. of Washington, DC bought the property through its $100-million Consortium Capital equity fund.

Bernstein’s Consortium Capital equity fund is a series of funds assembled to buy, reposition and develop commercial real estate in the mid-Atlantic. The company plans to reposition the building’s two-level, 60,000 sf retail space, known as the Esplanade Mall. Currently occupying space within the mall are CVS drug store and Tequila Grill. The company also plans to renovate the 255-space, sub-surface parking garage.

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