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1999 K Street Northwest

Honigman Doubles Office Footprint With 23,000 Square Foot Lease From Deka Immobilien In Washington DC
LEASEDOffice

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:

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

Jeanette Ko

JLL

Broker

1 deal

Broker
DI
Deka ImmobilienLandlord
H
HonigmanTenant

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