Well-executed renovations and a partnership with an industry leader have re-established Market Square as one of D.C.’s premier office addresses.
Market Square, which curves majestically around the U.S. Navy Memorial on Pennsylvania Avenue, has long been the icon of D.C. office space. As proof of Market Square's command in the market, Columbia has signed more than 100,000 square feet of leases at the property in the last year, including a sizable recent renewal and expansion with UnitedHealth Group. The property now boasts more than 20 FORTUNE 500 companies among its roster of tenants, and Blackstone Property Partners invested in the building as a 49% partner in 2015.
With a new marketing center, updated lobby and best-in-class fitness center completed, as well as spec suites under development, Market Square is well positioned to capitalize on market opportunities.
Total square feet represents 100% of Market Square. Columbia owns a 51% interest in the Market Square joint venture, which equates to 356,000 square feet for calculation of financial performance measures.