PRP acquired Market Square, an iconic, two-building Trophy office property on Pennsylvania Avenue.
- Proven place of power with over 30 Fortune 500 companies having government affairs offices at Market
- True post COVID winner with over 200,000 SF of leasing since January 2020
- Property was fully renovated between 2016-2023 with over $48MM spent from previous ownership
- Obtained accretive financing with $20M in future funding to lease up the current spec spaces, retail spaces and capitalize on the current tenant’s need for the
- Surrounding the U.S. Navy Memorial and facing the National Archives, the property sits between the White House and the U.S. Capitol
