Market Square

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. However, leasing fundamentals in the nation’s capitol have been challenging in recent years, even for market leaders like this. Nonetheless, Columbia has signed more over 250,000 square feet of leases at the property in the last two years, including a sizable recent renewal and expansion with Edison Electric, and the property now boasts more than 20 Fortune 500 companies among its roster of tenants.

To continue this leasing momentum and help us complete a significant renovation of the building's common areas, we engaged Blackstone Property Partners as a 49% partner last year. With a new marketing center, updated lobby, and new fitness center, Market Square is well positioned to capitalize on market opportunities.

  • MSA / Submarket
    Washington, D.C. / East End
    Total Rentable SF
    698,000
  • Year Built / Renovated
    1990 / 2016
    Year Acquired
    2011
  • Major Tenants
    Edison Electric Institute; Mintz Levin; United Healthcare
    Leased
    73.0%
701 & 801 Pennsylvania Avenue
Washington, D.C. 20004

PROPERTY MANAGEMENT

Corwin Holland
202.594.3315
corwin.holland@columbia.reit

Carly Boyce
202.594.3313
carly.boyce@columbia.reit

LEASING CONTACT

JLL
Doug Mueller
202.719.5594
doug.mueller@am.jll.com

Evan Behr
202.719.5642
evan.behr@am.jll.com

 

ASSET MANAGEMENT

Mark Witschorik
202.750.1800