Commerz Real has acquired the office property “1900 N Street” in Washington, D.C. for its open-ended real estate fund hausInvest. It is located in the so-called “Golden Triangle”, the heart of the Washington Central Business District. The seller of the property completed in 2019 with 25,500 square metres of rental space is a joint venture of the local project developer JBG Smith and the Canadian pension fund Canada Pension Plan Investment Board (CPP Investments). Non-disclosure was agreed on the purchase price.

“A successful entry into the Washington market with a Trophy real estate,” says Maja Procz, Global Head of Transactions at Commerz Real. “1900 N Street” is characterised by its striking architecture, which makes it stand out in its corner location. “The axis of view in the corner offices and the special view from the roof terrace make up the special character of the building,” explains Procz. According to Commerz Real, the striking red steel beams and the pillarless, three-storey foyer also ensure a strong presence in the cityscape. KPF Kohn Pedersen Fox, one of the world’s leading architectural firms, is responsible for this appearance and is known for the One Vanderbilt and Hudson Yards in New York City and The Scalpel in London, among others.