One Union Center

810 1st St NE Ste 100, Washington, DC, 20002-4227, US

Asset description

Jones Lang LaSalle Americas, Inc. ("JLL"), as the exclusive representative for the Owner, is pleased to present the offering for One Union Center (the “Property”). Located at 810 First Street, the Property occupies a prime location within a stone’s throw of Union Station and in close proximity to Capitol Hill. This 11-story, 190,200 RSF free-standing office building features 18,400 RSF floor plates and boasts outstanding views of the iconic Washington, DC skyline.

The Property sits just one block from Union Station, which hosts close to 40 million visitors annually and is Amtrak's second busiest station in the country. One Union Center’s location benefits from over 200 daily Amtrak, MARC, and VRE trains from all over the East Coast. Capitol Hill is just a 5-minute drive from the Property for travelers visiting the various government agencies and other stakeholders in the Capitol Hill area.

Centrally located in NoMa, One Union Center sits at the nexus of three of the District’s most prominent dining and retail hubs. The H Street Corridor, less than a 10-minute walk east of the Property, has been revitalized by an $8.3 billion, three-phase redevelopment of Union Station, triggering the resurgence of some of Washington, DC’s best restaurants, nightlife, and entertainment options. Shaw, situated less than a mile northwest of the Property, is a historically rich submarket thriving with the new influx of developments including a Whole Foods, experiential retail, and fantastic dining options. To the southwest of the Property, Mount Vernon Triangle has developed into the high-end, luxury neighborhood of the District. With prestigious employers, major developments, and CityCenter DC anchoring the neighborhood, Mount Vernon has seen tremendous growth and success in recent years. As these three nodes have emerged less than a mile from the Property, One Union Center and its occupants stand to benefit from the continued evolution of these exceptionally diverse and energetic urban environments.

One Union Center presents investors with an opportunity to acquire a well-located asset with repositioning optionality at a historically low basis.

...

Attributes

Building area gross

21,203 sm

Rentable area

17,670 sm

Occupancy

Zoning

D-5

Media

Investment highlights

Blank-canvas opportunity to acquire a nearly vacant, 190,200 RSF, completely freestanding building with flexible floor plates at an attractive basis

Existing D-5 zoning provides by-right residential conversion optionality which is enhanced by recent District of Columbia incentives

Located at the political power center of the United States Government, just five minutes from the United States Capitol and congressional office buildings with potential for large government leases as DOGE prepares to dispose of over 16 MM SF of government buildings in the District

One block away from Union Station, featuring daily Amtrak/Acela trains to and from the Northeast Corridor and Red Line Metrorail access throughout the Washington, DC Metropolitan area

Situated in Washington, DC’s vibrant dining and retail hub: Union Market, Union Station, H Street Corridor, and Mount Vernon Triangle have blossomed into the newest mixed-use destinations for District residents