Freed from Bureau of Prisons, DC office building plans new life

TRD New York /
Jan.January 12, 2018 01:56 PM

As the Bureau of Prisons prepares to move out, the owners of 500 First Street NW in Washington D.C. are preparing the building for its future. Government Properties Income Trust acquired the building when it bought First Potomac Realty Trust for $1.4 billion in July 2017. Government Properties hired RMR Group to manage the building. RMR plans a major renovation of the property and has selected Avison Young as leasing agents for the 130,000-square-foot space. [Bisnow]


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

Is history repeating itself for Steve Croman and his renters?

Real estate industry scrambling to understand New York’s LLC law to address anonymous home ownership (Credit: iStock)

Sweeping LLC law surprised even legislators

SoftBank looks to take over WeWork, NYC investigates WeLive: Daily digest

Crowdfunding: Crowded out?

The Real Deal’s E.B. Solomont receives Front Page Award

arrow_forward_ios