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Portfolio

1111 Pennsylvania Avenue, NW – The Presidential Building | Washington, DC

Investment Strategy

Morgan Lewis Headquarters

PRP acquired this asset and bifurcated the land and improvements prior to closing. The bifurcation resulted in the highest price ever paid for land in Washington, DC.

  • One of only nine privately owned properties on Pennsylvania Avenue between the U.S. Capitol and the White House, with one of the world’s most famous and coveted addresses
  • Office space (95% of SF) is fully leased to Morgan Lewis through July 2032
  • Morgan Lewis (AmLaw #10) is one of the most prominent international law firms with over 2,200 attorneys in 33 offices worldwide, generating $3B in revenue annually

Washington, DC
2018
337,000
Mission-Critical Assets
$188MM
Morgan Lewis
Disclaimer: The properties and investment results shown in this portfolio are provided for informational purposes only and should not be considered as a guarantee of future performance or results. Past performance does not predict future outcomes.