Apr
11
HFF Secures JV Partner for DC Trophy Office
ByLincoln Property Co. and Pearlmark Real Estate plan to renovate an historic bank, along with developing an adjoining office building.
On behalf of the developer, Lincoln Property Co., HFF has arranged a joint venture for the acquisition and development of 699 14th St. NW, a planned 11-story trophy office building in Washington, D.C., one and a half blocks from the White House. Lincoln’s JV partner is Chicago-based Pearlmark Real Estate, a boutique real estate manager and principal investor.
The site is at 14th and G streets in Washington’s East End and was previously home to The National Bank of Washington. The JV plans to renovate the historic bank building along with developing the adjoining office building…
