Jamestown Acquires America's Square in Washington, DC

 
 
America's Square
America's Square
WASHINGTON - Feb. 25, 2015 - PRLog -- Jamestown LP announces that it has acquired America’s Square, an iconic, best-in-class two building office property in downtown Washington, D.C. one block from the U.S. Capitol. Located at 51 Louisiana Avenue NW and 300 New Jersey Avenue respectively, the 461,484-square-foot combination limestone-clad, art-deco and modern glass trophy building boasts unobstructed views of the Capitol dome and an impressive tenant roster that includes Jones Day, Siemens, Comcast NBC Universal, Carr Workplaces and Business Roundtable, among others.

“This was a once-in-a-generation-opportunity to acquire what we feel is one of the best assets in the market,” said Michael Phillips, President of Jamestown. “The addition of America’s Square to Jamestown’s portfolio allows the continuation of our commitment to responsible investment and management in the nation’s capital.”

America’s Square complements the D.C. portfolio of Jamestown, already known for its impressive collection of properties across the country with famous landmark buildings such as Chelsea Market and One Times Square in NYC; Ponce City Market in Atlanta; and Ghirardelli Square in San Francisco. Jamestown has also been a steadfast investor within the District. Current D.C. holdings include the recently acquired Georgetown Park retail destination, One Metro Center; 733 10th Street; the Georgetown Renaissance retail portfolio; The Madison Office Building; and a two-acre development site situated in the emerging, pedestrian-friendly Capitol Riverfront neighborhood known as Congressional Square.

America’s Square is centrally located among the most accessible commuter transportation hubs, as well as some of the area’s best lodging, shopping and dining. The property boasts a LEED Gold certification and spectacular views from the recently renovated 1,758 SF ipe wood roof deck.

51 Louisiana Avenue is a historic building originally constructed in 1935 featuring a beautiful and classic limestone façade, a dramatic two-story marble lobby with Greek columns, and finished ceiling heights of nearly 12’. 300 New Jersey Avenue, built in 2009, is a bold and innovative glass-and-steel building designed by internationally acclaimed architect Lord Richard Rogers and is connected to 51 Louisiana Avenue via a dramatic glass atrium. The two properties enjoy shared access to a six-level underground garage and comprise the full city block surrounded by Louisiana Avenue, New Jersey Avenue, C Street, D Street, and First Street, NW. America’s Square is one of only two privately owned buildings in Washington, D.C. with unobstructed views of the Capitol building and is considered to be one of the top five office properties in Washington, DC.

About Jamestown

Jamestown was established in 1983 as an investment and management company focused on income-producing real estate in the United States.  Over the last 32 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $7.7 billion of assets under management.  Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management.  Jamestown employs more than 230 professionals in the United States, with headquarters in Atlanta, GA, and New York, NY and additional offices in Washington, DC, Boston, MA, and San Francisco, CA.  For more information, visit www.jamestownlp.com
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