Carr Properties Buys Class A Office Building in D.C. from Shorenstein Properties for $150M

WASHINGTON, D.C. — Carr Properties has acquired 1875 K Street, a 99 percent-leased, 190,345-square-foot office building in Washington, D.C.’s central business district. The company purchased the Class A building from Shorenstein Properties. The sales price was undisclosed, but Washington Business Journal reports that Carr Properties purchased the 12-story building for $150 million. Completed in 2002, 1875 K Street is located at the corner of 19th and K streets and is anchored by tenants including Willkie Farr & Gallagher LLP, WeWork, Stroock & Stroock & Lavan LLP and Shipman & Goodwin LLP. The building features 14,000- to 17,000-square-foot floorplates, ceiling heights exceeding 9 feet, an enclosed penthouse with an adjoining roof terrace and a 4,000-square-foot fitness center. Carr Properties will manage property management and leasing services. Eastdil Secured’s Washington office represented Shorenstein Properties in the transaction.