Address:
SubMarket: Square Feet: Date Acquired: 1625 K Street
Washington, DC Central Business District 105,000 August 1998
Property Overview
1625 K Street is a 105,000 square foot office building located in the central business district of Washington, D.C.
Investment Strategy
Taconic implemented a capital improvement program which included redesigning the lobby finishes, elevators, and common hallways on each floor, and improving the building's infrastructure to include a state-of-the-art fire suppression and alarm system, a new security access system and a new roof. Additionally, Taconic successfully renewed the leases of all the major tenants in the building at substantially higher rents.
Taconic sold 1625 K Street in December 2000.
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