Southeast

WASHINGTON, D.C. — Nakash Holdings has closed on its purchase of 1400 New York Ave. N.W. in Washington, D.C., otherwise known as the Bond Building, for a reported $100 million. Nakash is a closely held investment company controlled by the founders of Jordache Enterprises, a company made famous in the 1980s with its designer jeans. The 175,000-square-foot property is leased to the Justice Department, which has agreed to sign a new lease and stay on another 15 years after its current lease expires next year. Located near the White House, the eight-story building was originally built in 1901.

WASHINGTON, D.C. — Akridge and Mitsui Fudosan American have broken ground on a 168,000-square-foot office building at 1200 17th St. in Washington, D.C. The 11-story property will house Pillsbury Winthrop Shaw Pittman LLC, one of D.C.'s largest law firms. In late January, the firms signed a lease to occupy 105,000 square feet of the new building. The office building will feature floor-to-ceiling windows, a green roof and ground-floor retail. The project is slated for completion in the fourth quarter of 2014.

SOUTHPARK, N.C. — SunTrust Banks plans to move its new regional headquarters to the Sharon Square mixed-use development in SouthPark. The bank signed a lease for roughly 43,500 square feet in a 105,500-square-foot office building being developed by Pappas Properties and The Allen Tate Cos. The bank will open a full-service branch on the first floor and have offices on the second and third floors. The bank will also have a four-lane drive-through adjacent to the building. SunTrust expects to occupy the building by the second quarter of 2014.