Marcus Partners, a real estate investment firm, has acquired Washington, D.C.-based Jefferson Building, an office building. No financial terms were disclosed. Kevin Howard and Lara Nealon of CBRE will remain the property’s leasing agents while Lincoln Property Company will continue to manage the building on behalf of its new owners.
WASHINGTON, D.C. – August 16, 2018 – Marcus Partners, a value-oriented real estate investment, management and development firm, today announced the acquisition of the Jefferson Building, a 73,000-square-foot, boutique office building, located at 1225 19th Street Northwest in the Golden Triangle neighborhood of Washington, D.C.’s Central Business District (CBD).
The Jefferson Building benefits from close proximity to four Metrorail stations as well as numerous well-known restaurants, shopping destinations, and entertainment options. The property offers four full sides of glass, below grade parking, and attractive retail amenities on the ground floor. It is the only property in the CBD to offer a nearly 10,000 square foot availability for a single tenant to occupy the entire top floor.
“The Jefferson Building presents an outstanding opportunity for new tenants to lease distinctive, high-quality space in the center of Washington D.C.,” said Andrew Dolinsky, Marcus Partners’ Washington, D.C. Regional Director. “The column free floorplates and superb location offer tenants an ideal combination of flexibility and convenience.”
During its ownership, Marcus Partners will further enhance the overall tenant experience through improvements to the lobby, common areas, and building systems.
Marcus Partners has become increasingly active in the metro D.C. market in recent years, opening a regional office a year ago led by Dolinsky to both support the company’s approximately 1,000,000 square feet of local real estate and to source new acquisitions. This latest purchase follows the commercial real estate firm’s November 2017 acquisition of 3170 Fairview Park, a 275,000 square foot Class A office complex in Falls Church, VA with a Fortune 100 company as the anchor tenant.
“We are continuing to grow our presence in the D.C. community and look forward to expanding our portfolio here over the years to come,” Dolinsky added.
Kevin Howard and Lara Nealon of CBRE will remain the property’s leasing agents. Lincoln Property Company will continue to manage the building on behalf of the new ownership.
About Marcus Partners
Marcus Partners is a value-oriented real estate investment, management and development firm based in Boston, Massachusetts with additional offices in Metro New York and Metro Washington D.C. The firm invests in real estate and related assets, pursuing a mix of strategic and opportunistic investment strategies across office, medical office, research and development, multifamily, warehouse, and industrial properties. Marcus Partners has built its reputation as a real estate investment firm grounded by a deep belief in value investing and is experienced in the complexities of real estate and capital markets. It currently owns and / or manages a diversified portfolio that includes approximately 7 million square feet along the East Coast. For more information please visit www.marcuspartners.com.