O’Melveny & Myers has signed a 15-year renewal for roughly 100,000 square feet at 1625 Eye St. NW in Washington, D.C., keeping the law firm in the building where it has been a tenant since 2003. O’Melveny is the property’s largest tenant by square footage and occupies its top three floors at the 405,000-square-foot building, which is located two blocks north of the White House.

The renewal comes as the building’s new owners prepare for a substantial renovation. GreenBarn Investment Group, FarmView Ventures and capital partner Farallon Capital acquired the property in 2025, taking it through a foreclosure auction with a $60.5 million credit bid. Now, the owners plan to redesign the lobby, upgrade security, and add a rooftop with indoor and outdoor gathering areas. Plans also call for a conference and event facility; an expanded tenant fitness center; and new retail from LDV Hospitality, including American Cut Steakhouse and an Italian café.

“We have known this asset for many years and have always believed in the quality of the building, its irreplaceable location and its long-term potential,” said John Wolf, founder and managing partner of FarmView Ventures.

The 12-story building was completed in 2003, replacing the former Cafritz Building, and holds LEED Gold certification. It features a nine-story atrium and a 425-space parking garage.

1625 I Street Nw, Washington, DC

Founded in Los Angeles in 1885, O’Melveny has 18 offices worldwide.

Avison Young’s Eli Barnes, Jonathan Wellborn, Will Stern, Lauryn Harris and Macy Parana represented ownership, while CBRE’s Jeff Welch and JLL’s Greg McCavera and Ella Adkins represented O’Melveny.

For the wider Washington, D.C. office market, asking rates averaged $40.55 per square foot in July — well above the $33.58 national average, according to Yardi Research data cited by CommercialCafe. Meanwhile, vacancy stood at 19.4%, compared with 17.7% nationally.

To that end, the market continues to contend with office job losses: Office-using employment in Washington, D.C. was down 2.4% year-over-year in June, according to Bureau of Labor Statistics data.