MRP Realty and ASB Real Estate Investments Select Cassidy Turley as Exclusive Leasing Agent for 900 G Street in Washington, DC

112,000 Square Foot New Construction Project in Penn Quarter will Deliver in 2014

Published on August 21, 2012


WASHINGTON, DC - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has been selected by MRP Realty and ASB Real Estate Investments to provide exclusive office leasing services for 900 G Street, NW, a new 112,000 square foot trophy office development in the East End submarket of Washington, DC, that is scheduled to deliver in 2014.  

“900 G Street will set a new standard for trophy office space in Washington, DC,” said Phillip Thomas, Senior Managing Director and Principal at Cassidy Turley. “The flexible 30-by-40-foot column spacing, 9 and 10 foot finished ceiling heights, spa quality fitness center and exceptional rooftop terrace with its own enclosed glass conference room will provide an extraordinary office experience. We are thrilled to represent this exclusive trophy building and the ownership.”

“ASB is excited to welcome Phillip Thomas and his colleagues at Cassidy Turley to the 900 G Street team,” said Nick Franzetti, Vice President with ASB Real Estate Investments, a division of ASB Capital Management.  “ASB works with many great teams across the country and Cassidy Turley is among the very best.  Phillip and his team did a fantastic job for us at 455 Massachusetts Avenue, leasing the building to 100 percent occupancy during a difficult time in the market.  We look forward to similar success at 900 G Street.”

The nine-story building, situated on the southwest corner of the 9th and G Streets, NW intersection, will feature approximately 112,000 square feet of the highest quality glass curtain wall and will be built to a LEED® Gold standard.  900 G Street will offer tenants 9 foot finished ceilings on floors two through seven, while two penthouse levels will offer 10 foot finished ceilings.  The project’s location, adjacent to the historic lower rise National Portrait Gallery, provides for excellent panoramic views. The building’s views are further improved by stepping out the façade along G Street and fully wrapping the building’s northeast corner with a prominent glass expression allowing perched north-south, panoramic views.

About MRP Realty
Founded in 2005, MidAtlantic Realty Partners, LLC (“MRP Realty”) is a real estate operating company focused on the Washington DC metropolitan area. MRP provides a full array of real estate services including acquisition/disposition, development/construction management, property management and asset management services. MRP Realty’s senior leadership team has worked together in Washington, D.C. and its surrounding market area in various capacities for periods ranging from 10 to 25 years and has wide ranging experience across a multitude of product types in both urban and suburban settings. MRP Realty’s managing members have been involved in over 20 million square feet of investment with a total capitalization in excess of $4 billion in the Washington, D.C. metropolitan area.

About ASB Real Estate Investments
ASB Real Estate Investments is one of the leading real estate investment management firms in the United States, with $3.1 billion in assets under managementcomprised of 203properties totaling over 17 million square feet in 26 markets throughout the United States.  ASB Real Estate Investments offers an exceptional investment track record, an experienced management team, a skilled group of local market partners, and a high-quality portfolio of diversified properties. For more information, please visit www.asbrealestate.com.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit http://www.cassidyturley.com/ for more information about Cassidy Turley.

Maureen Wheeler
202.463.1138

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