The complex occupies a seven-acre parcel at the corner of First St. and M St. CB Richard Ellis is on board to handle leasing activity, while Spaulding & Slye Colliers is serving as the property manager. "As one of the last locations for significant growth and new development in Washington, DC, NoMa has become the focal point for District government officials, who are targeting the area as a mixed-use environment," CBRE first vice president Mark Mallus notes. "This offers a great opportunity for One NoMa Station to be an anchor building for this neighborhood." The property is highlighted by state-of-the-art technological capabilities, as well as the latest in structural government security requirements.

Prior to a slew of redevelopment efforts, NoMa was mostly a neighborhood of empty parcels and vacant industrial structures. Now the community is being revived as an arts and media hub as well as an area suitable for housing government-related businesses. The Washington Metropolitan Area Transit Authority has even made arrangements to accommodate an expected surge in foot traffic over the coming years. The New York Avenue Metro Station at New York Ave. serves as a direct connection into the heart of the NoMa community.

"This station represents how transportation can have a positive impact on a community which has heretofore been overlooked by quality-of-life improvements which result from transportation access," says WMATA CEO Richard A. White. Also, One NoMa Station sits across the street from the city's proposed professional baseball field site, a factor that will undoubtedly lead to the continued redevelopment of the NoMa community.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.