Freshfields Signs Long-Term Lease For 117,000 SF At Carr Properties' Midtown Center In D.C
1100 15th Street Northwest
Building Size
117,000 SF
Asset Type
Office
Closing
Feb 6, 2025
AI
The property asset involved in the transaction is located at 1100 15th Street Northwest in Washington, DC. This office space encompasses 117,000 square feet and is part of Carr Properties’ Midtown Center. Freshfields has signed a long-term lease for this space, moving from their previous location at 700 13th St. NW, where they occupied 52,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1100 15th Street Northwest
- Market: Washington, DC
- Landlord: Carr Properties
- Tenant: Freshfields
- Square Footage: 117,000 SF
- Brokers: Amy Bowser, Brooks Brown, Harry Stephens & Robert Copito - CBRE
This transaction involves multiple key individuals and companies, with CBRE representing both parties in the deal. Carr Properties also provided in-house representation throughout the leasing process for Freshfields.
Players
Washington Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93