$150M High-Rise DC Office Asset Changes Hands

Shorenstein Properties sold the Class A building to Carr Properties, in a deal arranged by Eastdil Secured.

Washington—Carr Properties recently acquired a 190,345-square-foot Class A office building in Washington, D.C. Shorenstein Properties sold 1875 K St., NW, for $150 million, according to Yardi Matrix data. The LEED Gold-certified asset is located in the heart of Washington’s central business district.

1875 K Street NW

1875 K St. NW

Situated at the corner of 19th and K streets, the 12-story property is anchored by tenants such as Willkie Farr & Gallagher LLP, WeWork, Stroock & Stroock & Lavan LLP, and Shipman & Goodwin LLP. 1875 K St. features between 14,000- and 17,000-square-foot floorplates. Common area amenities include controlled access, 102 parking spaces and a 4,000-square-foot fitness center.

Carr Properties will take over the property management and leasing services for the building. Eastdil Secured’s Washington office handled the deal on behalf of Shorenstein Properties.

Image via Yardi Matrix