{"id":1004458225,"date":"2020-06-24T02:47:45","date_gmt":"2020-06-24T10:47:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004458225"},"modified":"2020-06-24T02:55:57","modified_gmt":"2020-06-24T10:55:57","slug":"gsa-renews-2-dc-office-leases","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gsa-renews-2-dc-office-leases\/","title":{"rendered":"GSA Renews 2 DC Office Leases"},"content":{"rendered":"
\"625<\/a>

625 Indiana Avenue NW<\/p><\/div>\n

The General Services Administration has renewed two leases totaling 29,071 square feet at 625 Indiana Avenue NW, a 160,897-square-foot office building in Washington, D.C. The agency will continue to occupy a 14,598-square-foot space for eight more years, while the other 14,473-square-foot lease carries a new 15-year term.<\/p>\n

Cushman & Wakefield’s Scott Johnston negotiated the deal on behalf of landlord Office Properties Income Trust, a REIT managed by The RMR Group Inc.’s operating subsidiary. According to Yardi Matrix data, OPI acquired the asset in 2010 for $51.5 million from Rosecliff Realty. The 11-story building came online in 1988 in the city\u2019s central business district. RMR manages the Class B property which includes a fitness center and covered parking.<\/p>\n

Situated less than 2 miles from the city center, 625 Indiana Avenue NW is a block from Pennsylvania Avenue, just east of U.S. Navy Memorial Plaza and within walking distance of Verizon Center and the Smithsonian. The property is also less than a mile west of a 609,000-square-foot office building where The National Governors Association signed a 23,000-square-foot lease renewal<\/a> and extension in February.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agency will continue to occupy more than 29,000 square feet at the 160,897-square-foot property in the city’s central business district. <\/p>\n","protected":false},"author":870,"featured_media":1004458294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,11,21742,21747,1615],"tags":[32799,37501,44801,33461],"class_list":["post-1004458225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-midatlantic","category-latest","category-office","category-washington-dc","tag-cushman-wakefield","tag-general-services-administration","tag-office-properties-income-trust","tag-the-rmr-group"],"acf":[],"yoast_head":"\nGSA Renews 2 DC Office Leases - 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\/gsa-renews-2-dc-office-leases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSA Renews 2 DC Office Leases\" \/>\n<meta property=\"og:description\" content=\"The agency will continue to occupy more than 29,000 square feet at the 160,897-square-foot property in the city's central business district.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gsa-renews-2-dc-office-leases\/\" \/>\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=\"2020-06-24T10:47:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-24T10:55:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/625-Indiana-Avenue-NW-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\\\/gsa-renews-2-dc-office-leases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gsa-renews-2-dc-office-leases\\\/\"},\"author\":{\"name\":\"Adriana Marinescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"headline\":\"GSA Renews 2 DC Office Leases\",\"datePublished\":\"2020-06-24T10:47:45+00:00\",\"dateModified\":\"2020-06-24T10:55:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gsa-renews-2-dc-office-leases\\\/\"},\"wordCount\":195,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gsa-renews-2-dc-office-leases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/06\\\/625-Indiana-Avenue-NW-1.jpg\",\"keywords\":[\"Cushman & Wakefield\",\"General Services Administration\",\"Office Properties Income Trust\",\"The RMR Group\"],\"articleSection\":[\"Brokerage\",\"Deals\",\"Mid-Atlantic\",\"News\",\"Office\",\"Washington D.C.\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gsa-renews-2-dc-office-leases\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gsa-renews-2-dc-office-leases\\\/\",\"name\":\"GSA Renews 2 DC Office Leases - 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