New Capitol Hill Office Building Reaches 90% Filled With New Leases

The redevelopment of Capitol Hill's Hine School took more than a decade to get through planning and construction, and now its office, residential and retail spaces are nearly filled two years after delivery.

Developer Eastbanc has signed three new leases to bring the 700 Penn office building to 90% leased, it announced Thursday.

Eastbanc, which partnered with Stanton Development on the project, signed Gilbert LLP for 20K SF, Ferrero Rocher for 3K SF and American Math Society for 2,500 SF. JLL's Doug Mueller and Evan Behr represented the development team in the deals.

The new tenants will join Akin Gump, Sanford Heisler Sharp LLC and coworking space The Yard in the project. The 150K SF office building has 24K SF remaining.

The development's adjacent 128-unit apartment building, Residences at Eastern Market, has reached 94% leased.

The project also has just one available retail space remaining. Trader Joe's anchors the development's retail and has been joined by Sephora, JRINK, District Veterinary Hospital, Orangetheory Fitness and a Chase bank.

“With 700 Penn, our goal has been to enhance D.C.’s iconic Eastern Market neighborhood by bringing modern, unmatched residential offerings as well as transformative yet complementary retail and businesses to the historically federal area," Eastbanc principal Philippe Lanier said in a release.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Ruben Cos. Says It Can't Sell, Finance Navy Yard Multifamily Project

D.C. Court Tosses Lawsuit Over Proposed Rent-Freeze Ballot Initiative

Defense Tech Firms Setting Up Shop In Trump Family's Palm Beach Orbit

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Loudoun County Moves To Pause Data Center Applications For 12 Months

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where