REBusinessOnline

VA LEASES 285,000 SQUARE FEET AT RENOVATED DC OFFICE BUILDING

WASHINGTON, D.C. — The U.S. Department of Veterans Affairs has signed a long-term lease for 285,000 square feet of office space at 425 Eye St. in Washington. Paramount Group owns the seven-story, 370,000-square-foot structure and recently completed a renovation and repositioning program for it. The Class A building is currently under review for LEED-Gold certification.

“In 425 Eye Street, we took a Class B property in the up-and-coming Mount Vernon Triangle neighborhood and executed a rigorous capital improvement program that positioned it among the most desirable and environmentally conscious Class A office facilities in the district.” said Albert Behler, president and CEO of Paramount, in a statement.

Paramount is no stranger to green building. In 2006, the company developed, and later sold, the nearby 1331 L Street, which is also presently under review for LEED-Gold certification. In its hometown of New York City, the company's property at 900 Third Ave. is expected to be LEED certified by early 2011.

— Coleman Wood

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties