2175 K Tops Out for $25M

WASHINGTON, DC-2175 K St. has topped out. The $25-million construction project has added three floors and 34,594 square feet to the previous eight-story building for a total of 174,454 square feet and 11 floors, along with below grade parking levels. The build-out also included the renovation of the exterior curtain wall, mechanical, electrical, plumbing, and fire alarm systems, elevators and elevator lobbies, and the main entrance lobby and restrooms. Appian Realty Advisors is the construction manager for the project, who were unavailable for comment.

The building, owned by Minshall Stewart Properties, is one of a handful on K St. that began building out in response to unmet demand for space in the CBD a few years ago. While the boom times that spurred this development are clearly over, demand for CBD space is still relatively strong.

For instance, Minshall inked a lease with the European Commission last month to occupy approximately 50,000 square feet in the expanded building. Rich Lane, Eric West and Paul Hanafin of West, Lane & Schlager represented the tenant in the transaction. CBRE’s Kevin Howard led a team that represented the building owner. One of the main reasons why the Delegation opted to move from its 15-year home at 2300 M St. was that it wanted more flexibility to configure its internal space–which the build out will provide, Lane tells GlobeSt.com at the time.

Other rehabs on K Street Corridor include ING Clarion’s $30-million expansion and renovation at 2121 K St., which added three floors to become one of the tallest buildings in the west end of the CBD. Also, 1909 K St., went to 12 from eight stories and 2020 K St added three stories in recent years.