Washington, D.C., May 21, 2010 – The American Bus Association purchased the 9,400 SF ninth floor of 111 K Street, a jewel-box office condominium in the NoMa (north of Massachusetts Avenue) area of Washington, D.C. The American Bus Association cited sustainable features and proximity to the U.S. Capitol as factors in their decision. ABA will move into the building by the end of 2010 and join NASPA, the Student Affairs Administrators in Higher Education, which recently purchased the building’s 10th floor.
The American Bus Association represents approximately 1,000 motorcoach and tour companies in the United States and Canada. Its members operate charter, tour, regular route, airport express, special operations and contract services (commuter, school, transit).
J Street Development delivered on 111 K Street in February. The 11-story, approximately 90,000 square foot, Class A office condominium sits just north of Capitol Hill in the NoMa submarket of downtown Washington, DC. The sleek Gensler-designed building features significant sustainable components, including a striking rooftop terrace that also serves as an element of the stormwater management plan, an energy-efficient building system and locally sourced and recycled building materials, 9-foot ceilings, shared conference facilities, underground garage parking, a landscaped roof terrace and views to the U.S. Capitol.
111 K offers a rare opportunity for Class A condominium ownership in Washington.
Bruce Pascal, Mark Klug and Doug Mueller of CBRE represented J Street Development in the transaction, and Craig Lussi of Tenant Consulting, LLC, represented the tenant.
NoMa is a mixed-use neighborhood north of Massachusetts Avenue and the U.S. Capitol in Washington, D.C. Between 2007-2009, private developers have invested more than $1.5 billion in the 35-block area covered by the NoMa BID, and have plans to develop more than 20 million square feet of office, residential, hotel, and retail space over the next 15 years. For more information about the BID, including an interactive development map, visit the BID Web site at http://nomabid.wpengine.com.