Qatar Airways Acquires DC Office Condo for $10M

WASHINGTON, DC-Qatar Airways is finalizing plans for the build-out of the office condo it recently acquired in Downtown DC. The company, which is the country’s national carrier, acquired 12,652 sf at 1430 K St., which will serve as its headquarters for North America and as a base to establish a larger real estate presence in the US. CB Richard Ellis represented Qatar Airways in the office condo acquisition and will also be facilitating the national real estate roll.

According to an industry source, the build out–which is a higher end development than normal–will likely average around $60 per sf. Construction should begin by the end of the year with the space ready for occupancy at some point in Q1 2008.

The move will be timely for the airline, says Ryan Miller, senior associate at CBRE who is coordinating its national rollout. “Qatar Airways just introduced its first flights to North America in June with four services a week between Doha and Newark,” he tells GlobeSt.com. In July it launched its daily non-stop schedule to Washington, DC.