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Department Of Justice Renews Lease For 403000 Square Feet At 145 N Street Northeast
LEASED
Office403,000 SF
Leased 04/22/2025
LEASED
Department Of Justice Renews Lease For 403000 Square Feet At 145 N Street Northeast
145 N Street Northeast
See Similar DealsOffice403,000 SF
Leased 04/22/2025
Summary
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:403,000 SF
Transaction Type:Lease
The property asset involved in the transaction is an office space located at 145 N Street Northeast, Washington, DC, with a total square footage of 403,000. The lease pertains to a renewal for the Department of Justice. The current lease represents a nearly 30% reduction from the previous 575,000-square-foot lease previously held by the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Date: 04/22/2025
- Landlord: Northwestern Mutual
- Tenant: Department of Justice (DOJ)
This lease renewal was facilitated by the General Services Administration (GSA), which represents the Department of Justice in this agreement. The reduction in lease size has significant implications for the DOJ's operational footprint in the Washington, D.C. area.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$23,099,716.81
Total Lease Value
$230,997,168.13
Net Landlord Cash Flow$23,099,716.81
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