Honigman Doubles Office Footprint With 23,000 Square Foot Lease From Deka Immobilien In Washington DC
1999 K Street Northwest
Building Size
23,000 SF
Asset Type
Office
Closing
Jul 1, 2026
AI
The asset involved in the transaction is an office space located at 1999 K Street Northwest in Washington, D.C. The office has a total square footage of 23,000. This lease agreement marks a significant move from the tenant's previous location at 1440 New York Avenue Northwest as they expand their operations in response to market demands.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Type: Office lease
- Landlord: Deka Immobilien
- Tenant: Honigman
- Brokers: Evan Behr, Thomas Myers, Mackey Merrill, & Jeanette Ko - JLL
- Market: Washington, DC
This transaction highlights the involvement of notable individuals and companies as Honigman relocates to accommodate growth. The brokers representing the parties in this lease include Evan Behr, Thomas Myers, Mackey Merrill, and Jeanette Ko from JLL, underscoring a collaborative effort in navigating the Washington, D.C. real estate market.
Players
Saint Louis 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