Exterior corner view of the 1000 F Street Building

MCRE-led JV acquires D.C. trophy office asset

Institutional Real Estate, INC.,

A joint venture between MC Real Estate Partners (MCRE) and an international family office has acquired 1000 F Street in Washington D.C.’s East End submarket from Douglas Development in a transaction valued at approximately $106 million. The deal marks the second D.C. area acquisition for the recently formed MCRE, whose founders Andy Nathan and Steve Grant have been active in the Washington market for the past 25 years.

The fully leased 95,000 square-foot property was completed in 2017, seamlessly incorporating a new, glass-lined, state-of-the-art office building into a two-story historic structure.

“MCRE is thrilled to have completed the acquisition of 1000 F Street, our second D.C. acquisition under our current platform.  The purchase of this fully leased trophy level property is wholly consistent with our mission of pursuing acquisitions that best match the capital requirements of our partners across economic cycles,” said Andy Nathan, a managing principal of MCRE.  “Douglas Development did an outstanding job with 1000 F. The property has all a tenant could ask for – dramatic ceiling heights, boutique floor plates, private terraces on five floors and terrific access to mass transit and area amenities.  This is simply an outstanding long-term investment.”