Major Chinatown Office Building Hits The Market
An office building next door to the Capital One Arena has just hit the market.
HFF is marketing the 12-story office building at 700 Sixth St. NW for sale on behalf of its owner, USAA, according to materials the brokerage firm sent out Thursday.
The 299K SF building was developed by Akridge in 2009. The D.C.-based developer sold it to USAA in 2011 for $160M, and Cushman & Wakefield now manages the building. The property received a TOBY Award for best building between 250K SF and 499,999 SF in 2016.
The building is 91% occupied, with Eversheds Sutherland LLP leasing 146K SF and Cadwalader, Wickersham & Taft LLP occupying 89K SF. Its 8K SF retail space is occupied by bar and restaurant Penn Commons.
Near the corner of Sixth and H streets NW, the property sits one block from the Gallery Place-Chinatown Metro station, directly adjacent to the hockey, basketball and concert venue.
CORRECTION, JAN. 3, 4 P.M. ET: A previous version of this story incorrectly stated the current property manager of the building. It is managed by Cushman & Wakefield. The story has been updated.