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Rubenstein Affiliate Buys Majority Stake in 111 K St., NE

“We intend to enhance these amenities with physical upgrades, better technology and more comprehensive tenant concierge services.”

By Erika Morphy | Updated on February 08, 2018

111 K St., NE

WASHINGTON, DC–An affiliate of Rubenstein Partners is taking a majority stake in 111 K St., NE, in the NoMa/Capitol Hill submarket.

J Street Properties originally developed the 11-story, approximate 90,000-square foot building in 2010 as an office condo project. While it did sell a few floors — the Student Affairs Administrators in Higher Education purchased the 10th floor, for example and the American Bus Association bought a floor as well — the majority of the building was still vacant in 2012 when New Boston Fund acquired the remaining space with plans to position it as a traditional office. Its marketing has been aimed at small-to-medium sized nonprofits and associations.

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