{"id":1004711582,"date":"2024-04-24T05:24:12","date_gmt":"2024-04-24T13:24:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004711582"},"modified":"2024-04-28T22:27:28","modified_gmt":"2024-04-29T06:27:28","slug":"marx-realty-completes-renovation-of-dc-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marx-realty-completes-renovation-of-dc-office-building\/","title":{"rendered":"Marx Realty Completes Renovation of DC Office Building"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"614\" height=\"409\" alt=\"One Glover\" class=\"wp-block-jetpack-slideshow_image wp-image-1004711588\" data-id=\"1004711588\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-1.jpg?w=614\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-1.jpg 614w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-1.jpg?resize=300,200 300w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">The improvement strategy at One Glover includes multiple interior and exterior upgrades. All images courtesy of Marx Realty<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"686\" alt=\"One Glover\" class=\"wp-block-jetpack-slideshow_image wp-image-1004711589\" data-id=\"1004711589\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-3.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-3.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-3.jpg?resize=300,201 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-3.jpg?resize=768,515 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">The six-story office building was originally completed in 1961<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" alt=\"One Glover\" class=\"wp-block-jetpack-slideshow_image wp-image-1004711590\" data-id=\"1004711590\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-5.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-5.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-5.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/One-Glover-5.jpg?resize=768,512 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">One Glover now features a dedicated tenant lounge<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n\n<p>Marx Realty has completed the renovation of One Glover, a 110,960-square-foot office building in Washington, D.C., within the Georgetown submarket. The company\u2019s in-house design team worked together with Studios Architecture on the project.<\/p>\n\n\n\n<p>The news comes after the company signed a 10-year lease for 6,650 square feet with Water Street Gym, that relocated to the office building\u2019s ground floor. Marx Realty purchased the six-story office property in 2022 for $27.7 million from seller JBG Cos., according to CommercialEdge.<\/p>\n\n\n\n<p>One Glover is at 2121 Wisconsin Ave. NW and features 20,000-square-foot floor plates, 9,661 square feet of first-floor retail space and 203 vehicle parking spots. The reimagined office building now includes a lobby lounge with a coffee and water station, a garden room and seating spaces. The renovation also included the reimagining of the facade, now painted with an iron ore shade and featuring wood panels surrounding the entrance. Marx Realty also added an outdoor area with multiple seating options, as well as car charging stations and bicycle storage.<\/p>\n\n\n\n<p>One Glover is situated within the Wisconsin Avenue Corridor, an area home to multiple cultural, media and technology companies. The office building is 3 miles from downtown Washington, D.C., 4 miles from Arlington, Va., 7 miles from Ronald Reagan Washington National Airport, 10 miles from Alexandria, Va. and within 23 miles of Dulles International Airport.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-successful-upgrades\">Other successful upgrades<\/h2>\n\n\n\n<p>Current tenants at the property include anchor tenant Nexstar Media Group, that occupies the entire third floor, George Sexton and Associates, CommuniKids and DispatchHealth. In the most recent leasing agreement at the property, Transwestern\u2019s John Schlegel assisted Water Street Gym, while Cushman &amp; Wakefield\u2019s Executive Managing Directors James Collins and Mark Wooters negotiated on behalf of the landlord. The same team is overseeing leasing efforts at the property&#8217;s office space.<\/p>\n\n\n\n<p>The completion of One Glover&#8217;s renovation follows the company&#8217;s extensive renovation of The Herald, a 114,000-square-foot office building. Marx Realty acquired the 1920s-era 10-story office asset in 2020 <a href=\"https:\/\/www.commercialsearch.com\/news\/max-realty-buys-iconic-herald-building-in-dc\/\">for $41 million,<\/a> with plans to invest another $41 million in repositioning to attract tech, financial and media companies. Last year, the company signed a <a href=\"https:\/\/www.commercialsearch.com\/news\/marx-realty-secures-lease-at-historic-downtown-dc-building\/\">12-year, 21,500-lease <\/a>with public affairs firm Locust Street Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 111,000-square-foot property dates back to the 1960s.<\/p>\n","protected":false},"author":2991,"featured_media":1004711594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,11,21742,21747,1615],"tags":[34908,49213,33801,33313],"class_list":["post-1004711582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-midatlantic","category-latest","category-office","category-washington-dc","tag-cushman-wakefeld","tag-marx-realty","tag-studios-architecture","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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