Marx Realty Completes Renovation of DC Office Building
April 24, 2024
The 111,000-square-foot property dates back to the 1960s.
Marx Realty has completed the renovation of One Glover, a 110,960-square-foot office building in Washington, D.C., within the Georgetown submarket. The company’s in-house design team worked together with Studios Architecture on the project.
The news comes after the company signed a 10-year lease for 6,650 square feet with Water Street Gym, that relocated to the office building’s ground floor. Marx Realty purchased the six-story office property in 2022 for $27.7 million from seller JBG Cos., according to CommercialEdge.
One Glover is at 2121 Wisconsin Ave. NW and features 20,000-square-foot floor plates, 9,661 square feet of first-floor retail space and 203 vehicle parking spots. The reimagined office building now includes a lobby lounge with a coffee and water station, a garden room and seating spaces. The renovation also included the reimagining of the facade, now painted with an iron ore shade and featuring wood panels surrounding the entrance. Marx Realty also added an outdoor area with multiple seating options, as well as car charging stations and bicycle storage.
One Glover is situated within the Wisconsin Avenue Corridor, an area home to multiple cultural, media and technology companies. The office building is 3 miles from downtown Washington, D.C., 4 miles from Arlington, Va., 7 miles from Ronald Reagan Washington National Airport, 10 miles from Alexandria, Va. and within 23 miles of Dulles International Airport.
Other successful upgrades
Current tenants at the property include anchor tenant Nexstar Media Group, that occupies the entire third floor, George Sexton and Associates, CommuniKids and DispatchHealth. In the most recent leasing agreement at the property, Transwestern’s John Schlegel assisted Water Street Gym, while Cushman & Wakefield’s Executive Managing Directors James Collins and Mark Wooters negotiated on behalf of the landlord. The same team is overseeing leasing efforts at the property’s office space.
The completion of One Glover’s renovation follows the company’s extensive renovation of The Herald, a 114,000-square-foot office building. Marx Realty acquired the 1920s-era 10-story office asset in 2020 for $41 million, with plans to invest another $41 million in repositioning to attract tech, financial and media companies. Last year, the company signed a 12-year, 21,500-lease with public affairs firm Locust Street Capital.
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