US real estate investor Shorenstein has announced the completion of three new office lease agreements totalling around 78,000 square feet (approx. 7,250 square metres). The space is located in the recently comprehensively modernised property at 901 K Street NW in Washington's East End district.
The largest share of the new lettings was secured by policy analysis and consulting firm Capstone, with around 43,000 square feet. Government relations and lobbying firm Monument Advocacy signed a lease for 25,000 square feet. A further 10,000 square feet will be occupied by the non-profit Skoll Foundation.
Breakdown of newly let space
- —Capstone: around 43,000 square feet for policy analysis and consulting
- —Monument Advocacy: 25,000 square feet for government relations
- —Skoll Foundation: 10,000 square feet for philanthropic foundation work
The landlord was advised by real estate consultancy Avison Young, represented by the brokerage team of Jonathan Wellborn, Eli Barnes and Will Stern. The parties involved disclosed no details regarding the exact lease lengths or agreed rental terms.
Comprehensive repositioning following acquisition for 84.3 million dollars
According to land registry records, Shorenstein acquired 901 K Street NW in June 2025 for 84.3 million US dollars and subsequently carried out an extensive revitalisation programme. The works included modernising the lobby, creating a new conference and event centre, upgrading the roof terrace, and adding expanded amenities for occupiers.
Jonathan Wellborn of Avison Young categorised the letting success as proof of the ongoing flight to quality in the market. His colleague Eli Barnes emphasised that companies are purposefully investing in work environments that attract talent, strengthen corporate culture, and facilitate collaboration. He noted that the building meets these requirements through its central location, contemporary infrastructure, and integrated retail offering.
As part of its investment strategy, Shorenstein focuses on acquiring and repositioning office and mixed-use properties in major US metropolitan areas.
