The RMR Group Announces Execution of 16,531 Square Feet of New and Renewal Leases in 2019 at 1145 19th Street NW in Washington, DC
The RMR Group Inc. (Nasdaq: RMR) today announced the execution of seven new and renewal leases totaling 16,531 square feet of medical office and retail space during 2019 at 1145 19th Street NW in Washington, D.C.
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The property, which is undergoing a substantial redevelopment, is a multi-tenant, eight-story office building with 133,000 square feet of leasable space, home to several primary and specialty medical practices. Renovations, which launched in 2018 and are expected to be completed in 2020, include a sleek all-glass facade and major HVAC upgrades, making this building highly energy efficient while reducing operational costs. New amenities will include a technologically advanced conference and training center, a serene lobby lounge and a state-of-the-art fitness facility overlooking 19th Street. The building offers onsite radiology, surgery center, laboratory testing and pharmacy, allowing for full-coverage patient care.
Conveniently located between M and L Streets on 19th Street in Northwest Washington, DC, 1145 19th Street NW is in the heart of the city's Central Business District, near a wide range of amenities including shops, restaurants and entertainment venues. Within walking distance of the Red, Orange (News - Alert), Silver and Blue Metro lines,the building benefits from accessibility to public transportation as well as easy access to major arteries such as the George Washington Parkway, the Capital Beltway and Interstate 66. For more information about 1145 19th Street NW, please visit 1145medical.com.
The property is owned by Diversified Healthcare Trust (Nasdaq: DHC) and managed by The RMR Group LLC, which manages DHC and is the majority owned operating subsidiary of The RMR Group Inc. The RMR Group LLC is responsible for providing all aspects of management services and strategy for more than 1,400 properties with over 97 million square feet of commercial office, industrial, medical office, life science and retail space.
The RMR Group Inc. worked with Nick Zuppas and Andrew Papantoniou of Gittleson Zuppas Medical Realty on the leasing efforts. Tenants, which included several specialist medical practices, were represented by Chaz Feitel of Health Pro Realty Group, David Gittleson of Gittleson Zuppas Medical Realty, Winston Williams of Gittleson Zuppas Medical Realty and Mike Gillman of CBRE.
About The RMR Group Inc.
About Diversified Healthcare Trust
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