WASHINGTON, D.C. — ULI Washington has selected Columbia Property Trust’s Market Square office complex in Washington, D.C., as the winner of the Legacy Award. The distinction, given to a project that has been transformational to the community, was presented at ULI Washington’s Real Estate Trends Conference held on April 27. Located at 701 and 801 Pennsylvania Ave., the two 13-story office buildings total 693,000 square feet. The complex curves around the U.S. Navy Memorial and sits atop the Archives-Navy Memorial Metro station, making it one of the most recognizable office properties in the city. Since acquiring Market Square in 2011, Atlanta-based Columbia Property Trust has signed more than 250,000 square feet of leases to tenants including Edison Electric Institute, Ford Motor Co., American Express, Bayer Corp., Kellogg Co. and CBS Broadcasting. Blackstone Property Partners US purchased a 49 percent joint venture interest in Market Square in October 2015 for $292 million.
Market Square curves around the U.S. Navy Memorial and sits atop the Archives-Navy Memorial Metro station, making it one of the most recognizable office properties in the city.