99 M STREET
Location
99 M St SE
Washington, DC 20003
Owner
Polinger
IAM NATIONAL PENSION FUND, LOCKHEED MARTIN, COMMONGROUNDS, CUNA
DISTRICT OF COLUMBIA
Skanska, the former owner, brought the Lincoln leasing team on during the development stage to pre-lease the building. By the grand opening of the building, the team had already signed IAM National Pension Fund, Lockheed Martin, CommonGrounds, and CUNA. Today, the team has gotten 95% of the building leased, in addition to boosting rents by 20%.
Highlights
234,782 SF
92% Leased
Year Built
2018
Owner
Polinger
Tenants
IAM National Pension Fund, Lockheed Martin, CommonGrounds, & CUNA
WOW FACTORS
35% of the building pre-leased
Over 95% leased, with diverse rent roll
Strong credit tenancy
20% rent increase from first deal
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