<\/em>has retained New York-based real estate investment banking firm Eastdil Secured\u00a0to sell the property. Although the asset is listed without a sale price, Eastdil expects to sell the landmark building for more than $200 million.<\/p>\nThe nine-story Hamilton Square was constructed in 1929. It operated as the <\/em>flagship store for Garfinckel\u2019s until 1990, when the prominent department store chain filed for Chapter 11. The store remained vacant after the Garfinckel\u2019s bankruptcy and was redeveloped in 1999 as a modern office building. Skidmore, Owings & Merrill L.L.P.–one of the leading architecture, urban planning, interior <\/em>design and engineering firms in the world–handled the renovation, which retained the original facade and lobby. The building was placed on the National Register of Historic Places\u00a0in 1995.<\/p>\nHamilton Square offers tenants high ceilings, a lobby with Botticino Classico marble floors, cherry-wood walls, custom artwork by Diana Moore and Bo Bartlett, state-of-the-art systems and a green rooftop that can be used to host various events while offering views <\/em>of the Washington monument, Lincoln Memorial, Treasury Building and National Mall. The building\u2019s location is another strong point: Hamilton Square is located one block from the U.S. Department of the Treasury and less than two blocks from the White House, in the East End submarket of the city.<\/em><\/p>\nShorenstein acquired the 248,495-square-foot property in December 2003 for $93 million. Notable tenants include Pepper Hamilton L.L.P., Roetzel & Andress, IBM and Koch Industries.<\/p>\n
Image courtesy of www.shorenstein.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"By Adrian Maties, Associate Editor
\nShorenstein Properties has put Hamilton Square, the former Garfinckel\u2019s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured\u00a0to […]<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004052455","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\n
Hamilton Square Expected to Sell for $200M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hamilton-square-expected-to-sell-for-200m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Square Expected to Sell for $200M\" \/>\n<meta property=\"og:description\" content=\"By Adrian Maties, Associate Editor Shorenstein Properties has put Hamilton Square, the former Garfinckel\u2019s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured\u00a0to [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hamilton-square-expected-to-sell-for-200m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-01T05:08:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:45:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/03\/36_hamiltonsq_01.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Hamilton Square Expected to Sell for $200M\",\"datePublished\":\"2012-04-01T05:08:32+00:00\",\"dateModified\":\"2022-12-09T10:45:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/\"},\"wordCount\":281,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/03\\\/36_hamiltonsq_01.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hamilton-square-expected-to-sell-for-200m\\\/\",\"name\":\"Hamilton Square Expected to Sell for $200M - 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<\/a><\/em>real estate investor <\/em>has retained New York-based real estate investment banking firm Eastdil Secured\u00a0to sell the property. Although the asset is listed without a sale price, Eastdil expects to sell the landmark building for more than $200 million.<\/p>\n