WASHINGTON, DC–MRP Realty has unveiled the renovation and repositioning of 1333 H St, a building it owned for a short while before it sold it to TA Realty but retained management.
The changes include a new façade, a reimagined lobby, and a transition between the two buildings that make up 1333 H St., according to Jordan Goldstein, principal and co-managing director of Gensler Washington and architect of the property. “1333 H Street was a great challenge for us to integrate the textured, historic elements with light and edginess,” he said in a prepared statement.
Davis Construction served as the general contractor for all the base building work and the Thomson Reuters buildout.
Constructed in 1912 and 1982, 1333 H St. consists of two office buildings located on the corner of 14th and H streets in the East End. After taking the property through the Historic Preservation Review Board and necessary entitlements, MRP sold the building to TA Realty in 2015 for $162.5 million, or $604 per square foot and at a 4.8% cap rate. A MRP Realty-Rockpoint Group JV acquired the building from Miller Global Properties in 2014 for $127 million.
Currently 95% leased, 1333 H St.'s major tenants include the Center for American Progress and The Institute of International Finance.
WASHINGTON, DC–MRP Realty has unveiled the renovation and repositioning of 1333 H St, a building it owned for a short while before it sold it to TA Realty but retained management.
The changes include a new façade, a reimagined lobby, and a transition between the two buildings that make up 1333 H St., according to Jordan Goldstein, principal and co-managing director of Gensler Washington and architect of the property. “1333 H Street was a great challenge for us to integrate the textured, historic elements with light and edginess,” he said in a prepared statement.
Davis Construction served as the general contractor for all the base building work and the Thomson Reuters buildout.
Constructed in 1912 and 1982, 1333 H St. consists of two office buildings located on the corner of 14th and H streets in the East End. After taking the property through the Historic Preservation Review Board and necessary entitlements, MRP sold the building to TA Realty in 2015 for $162.5 million, or $604 per square foot and at a 4.8% cap rate. A MRP Realty-Rockpoint Group JV acquired the building from Miller Global Properties in 2014 for $127 million.
Currently 95% leased, 1333 H St.'s major tenants include the Center for American Progress and The Institute of International Finance.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
