ICG Buys Parcel, Buildings at K and Eye

WASHINGTON, DC-Locally based ICG Properties has closed a long-pending deal for a parcel of land and two buildings located at the northwest corner of 16th and Eye streets. It acquired the properties from the First Church of Christ, Scientist, of Boston for an undisclosed price.

“We now own the block from K Street to Eye Street,” ICG principal David Stern tells GlobeSt.com. The acquisition, coupled with the company’s ownership of the neighboring office building located at 1600 K St., makes it the main landlord/owner on this historic block in the District’s CBD.

The parcel it acquired from First Church of Christ has two structures, one of which is a 30,000-sf office building located at 910 16th St., which is 100% occupied. The other is the church itself. The parcel also has a 52-space underground parking garage. As part of the transaction, the First Church will continue to occupy the property.