This Week’s D.C. Deal Sheet

Marx Realty has landed a 21.5K SF lease with Locust Street Group at The Herald office building in Downtown D.C. The strategic communications and public relations firm committed to a 12-year lease for the full 10th floor and more than half of the ninth floor.

The New York-based developer acquired the building at 1307 New York Ave. NW in April 2020, then completed a $41.5M renovation, designed by Studios Architecture. Avision Young’s Will Stern and Eli Barnes represented the landlord in the lease, while Savills’ Ken Biberaj and Danielle Ferrari represented the tenant.