OFS Signs 11-Year Showroom Lease At The Herald In Washington, D.C

Furniture manufacturer OFS has signed an 11-year, 7,114-square-foot showroom lease at The Herald, the renovated former home of the Washington Herald Examiner in Washington, D.C. The property, located at 1307 New York Avenue Northwest, is a retail space. The lease was facilitated by Craig Deitelzweig of Marx Realty, who served as the landlord. Eli Barnes, Lauryn Harris, and Will Stern of Avison Young represented the landlord, while Michael Shipley of CBRE acted as the tenant's representative. The asking rent for the lease was $74 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $74/ft
• Square Footage: 7,114
• Address: 1307 New York Avenue Northwest, Washington, DC
• Market: Washington, DC

OFS, a furniture manufacturer, has signed an 11-year lease for a 7,114-square-foot showroom at The Herald in Washington, D.C. The property, located at 1307 New York Avenue Northwest, has been renovated and was previously the home of the Washington Herald Examiner. The lease was facilitated by Craig Deitelzweig of Marx Realty, who represented the landlord. The landlord's representatives, Eli Barnes, Lauryn Harris, and Will Stern of Avison Young, assisted in the deal. Michael Shipley of CBRE acted as the representative for OFS, the tenant. The lease had an asking rent of $74 per square foot.