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