{"id":1004108381,"date":"2014-11-25T10:04:42","date_gmt":"2014-11-25T18:04:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=308544"},"modified":"2021-05-14T17:00:38","modified_gmt":"2021-05-15T01:00:38","slug":"grosvenor-americas-renovates-1701-pennsylvania-ave-adds-three-new-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grosvenor-americas-renovates-1701-pennsylvania-ave-adds-three-new-tenants\/","title":{"rendered":"Grosvenor Americas Renovates 1701 Pennsylvania Ave., Adds Three New Tenants"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_308686\" class=\"wp-caption alignright\" style=\"width: 180px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/1701-Pennsylvania-Avenue.png\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-308686\" title=\"1701 Pennsylvania Avenue\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/1701-Pennsylvania-Avenue.png\" alt=\"\" width=\"170\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">1701 Pennsylvania Avenue<\/p>\n<\/div>\n<p style=\"text-align: justify\">Grosvenor Americas recently completed the renovation of its trophy office building at 1701 Pennsylvania Ave., N.W. The property now features a new, modern HVAC system.<\/p>\n<p style=\"text-align: justify\">The 12-story skyscraper was constructed in 1962. Located within the city\u2019s central business district, it offers almost 200,000 square feet of space and houses Grosvenor&#8217;s East Coast office on the 10th floor.\u00a0Grosvenor purchased the property in 1986 and has since invested $16.7 million into architectural modernization and building system renovations. Last year, 1701 Pennsylvania Ave. earned LEED-EB Gold certification.<\/p>\n<p style=\"text-align: justify\">\u201cThe new work includes a $7.5 million HVAC modernization that replaced the building\u2019s existing perimeter heat pumps with a fully automated, quieter and more energy-efficient VAV-based system,\u201d D.J. Sworobuk, Grosvenor\u2019s vice president of portfolio management, said in a statement for the press. Grosvenor also said it is upgrading the building\u2019s fitness center and the waiting lounge for its secure underground valet parking garage. The company did not disclose the cost of the renovation project.<\/p>\n<p style=\"text-align: justify\">The property also signed three new tenants. Occidental Petroleum, FoxKiser and JAB Holdings have signed leases in the building for a total of 29,300 square feet of space. Cushman &amp; Wakefield Inc.\u2019s Mark Richardson and Jackie Raff brokered the deal.<\/p>\n<p style=\"text-align: justify\">JAB Holdings is the parent company of such brands as Jimmy Choo, Bally and Peet\u2019s Coffee and has selected the site for its new Peet\u2019s Washington, D.C., \u201cflagship\u201d store. Potbelly Subs also occupies street-level space in the building.<\/p>\n<p style=\"text-align: justify\"><em>Photo credit: <\/em><a href=\"https:\/\/www.1701pennsylvania.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>www.1701pennsylvania.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grosvenor Americas has recently completed the renovation of one of its properties in Washington, D.C. The trophy office building at 1701 Pennsylvania Avenue now features a new, modern HVAC system.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"closed","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-1004108381","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grosvenor Americas Renovates 1701 Pennsylvania Ave., Adds Three New Tenants - 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\/grosvenor-americas-renovates-1701-pennsylvania-ave-adds-three-new-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grosvenor Americas Renovates 1701 Pennsylvania Ave., Adds Three New Tenants\" \/>\n<meta property=\"og:description\" content=\"Grosvenor Americas has recently completed the renovation of one of its properties in Washington, D.C. The trophy office building at 1701 Pennsylvania Avenue now features a new, modern HVAC system.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/grosvenor-americas-renovates-1701-pennsylvania-ave-adds-three-new-tenants\/\" \/>\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=\"2014-11-25T18:04:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T01:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/1701-Pennsylvania-Avenue.png\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenor-americas-renovates-1701-pennsylvania-ave-adds-three-new-tenants\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/grosvenor-americas-renovates-1701-pennsylvania-ave-adds-three-new-tenants\/\",\"name\":\"Grosvenor Americas Renovates 1701 Pennsylvania Ave., Adds Three New Tenants - 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