Downtown D.C.’s renovated Herald building lands first tenant
By Tristan Navera – September 10, 2021
After $41 million in renovations, a historic downtown D.C. property has its first tenant.
Conservative lobbying group CGCN Group has signed a 10-year lease for 8,000 square feet on the sixth floor of 1307 New York Ave. NW, as New York-based Marx Realty completes a renovation of the 114,000-square-foot, circa-1923 building. The asking price was $72 per square foot, per an announcement.
Marx bought the Beaux Arts-style building, formerly home to the printing presses and offices of the Washington Times-Herald, in April 2020 and has since undertaken extensive interior renovations, in partnership with Invesco Real Estate and Studios Architecture. Work included an updated entry and new expansive lobby with floor-to-ceiling copper and glass feature wall.
Jacqueline Kennedy Onassis, then Jacqueline Bouvier, worked in the building as the Times-Herald’s “Inquiring Camera Girl,” so the design features many homages to her. Craig Deitelzweig, president and CEO of Marx Realty, said the building has been designed to attract office users looking for new space and updated amenities.
“Our upgrades give a very memorable aesthetic that’s hospitality-oriented,” Deitelzweig said. “It’s an important differentiator for tenants to have amenities and common areas available to them. And I think the history of the building really lends itself to a kind of eloquence we’ve got here.”
Evan Behr, Doug Mueller and Nathan Beach from JLL represented the landlord, Tyler Bensten and Scott Hoffman from Savills represented the tenant.