Georgetown's Washington Harbour Hits The Market

Georgetown Washington Harbour
Bisnow/Jon Banister
The 3000 K St. Nw Side Of Georgetown's Washington Harbour Development

Washington Harbour, the 562K SF mixed-use complex on Georgetown's waterfront, is on the market for sale.

The property's owners, a group of South Korean investors advised by Principal Real Estate Investors, has retained HFF to seek buyers for the complex, the brokerage announced Thursday.

The two-building waterfront property at 3000 and 3050 K St. NW features 477K SF of office space and 85K SF of retail space, with several restaurants, including Fiola Mare, Nick's Riverside Grill, Farmers Fishers Bakers, Tony and Joe's Seafood Place and Sequoia. The bustling complex sits around a fountain that is converted into an ice rink during the winter months.

The ownership group acquired the property in 2013 for $370M from MRP Realty and Rockpoint Group. MRP has continued to manage Washington Harbour, where it is also headquartered. The property is 98% leased to 31 tenants with an average of seven years remaining on their leases.

MRP recently brought on JLL to help fill some of the property's vacant space by creating a series of spec suites around a common amenity space it branded as Harbour Town, leading to a series of new leases. The property manager also brought on the beloved security robot Steve, who famously fell into the fountain during his first day on the job, going viral in the process.

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

D.C.'s Office Market Is Getting A Makeover

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

Food And Beverage Increasingly Becoming Anchor In Mixed-Use Projects

CGI Merchant Had A-Rod's Backing And A $650M Fund. Then It Bought Trump's D.C. Hotel And It All Fell Apart

Brookfield Offloads 3-Building Silver Spring Office Complex

Student Housing Investor Buys Foggy Bottom Residences: The D.C. Deal Sheet

'We Messed Up With Rent Control': CRE Execs On MoCo's Multifamily Hurdle

New National Geographic Museum Food Hall By Winmar Blends Design With Elevated Dining

Beacon Partners Sells Charlotte Mixed-Use Development For $92M

Commanders Pick Clark Construction, 2 Others To Build D.C. NFL Stadium

Maryland ICE Facility Construction Can Resume After Court Reinstates Permits

JBG Smith Says Loss Is Improbable From $356M Wardman Tower Ruling