Tuesday, May 27, 2014
NEW BOSTON FUND HIRES NEW BROKER TEAM IN DC
111 K Street will be leased by CBRE
Washington D.C. – May 27, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that they have hired a new brokerage team for 111 K Street in Washington D.C.
CBRE plans to market 111 K Street to small and medium sized nonprofits, lobbying firms and government contractors, highlighting the quality of this Trophy asset which features a new fitness center, competitive rental rates and opportunity to have full floor plates.
“We are very excited to be working with the team from CBRE to help us position the property to the forefront of its sub-market,” said David Langol, Vice President of Asset Management at New Boston Fund. “111 K Street offers incredible space and amenities for companies.”
111 K Street is a Class A, 11-story building located at the corner of First and K streets NE. Each floor of the building provides unobstructed, 360 degree window lines and the building’s landscaped rooftop terrace offers panoramic views of the city including the U.S. Capitol Building. The building was built to LEED standards with green features that include a storm water management plan to reduce runoff, a green roof, water conserving plumbing features and recycled building materials.
“This boutique property is a perfect opportunity for associations and government affairs firms to access Capitol Hill, while enjoying the quality, Capitol views, and Trophy-class amenities that typically are available only to the very largest of tenants. 111 K Street is truly the gem of NoMa, which has established itself with a strong retail and residential presence, in addition to its growing office market,” said CBRE First Vice President Katie Gorretta.
The building is conveniently located between the New York Avenue Metro Station and Union Station, providing unrivaled access to all of Washington, D.C.’s transportation services. The contemporary, all-glass Gensler-designed structure features 9-foot ceilings, a 3,000-square-foot shared conference center, locker rooms and shower facilities and private, reserved underground parking.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $3.5 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com
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