Constructed in 1914, the Homer Building, situated above Metro Center in DC’s West End, stands as a historic architectural landmark. Spurred by new leasing activity, the Class-A office will be getting $25 million in upgrades.
This will be the first major renovation for the property since it was initially converted by Akridge in 1990. Spanning 460,000 SF, the 12-story LEED Gold-certified building features a full-height sky-lit atrium, conference center, fitness center, rooftop terrace with skyline views, and more.
Refurbishments coming to the property include a glass enclosure on the roof for meetings and events, a new two-story boardroom in the atrium lobby, and upgrades to the fitness center.
2-story board room to be added to the atrium lobbyJLL
The upgrades come as the lobbying and public affairs firm, BGR Group, expands its lease at the property. The firm will now occupy over 40,000 SF of space. Other tenants include coworking provider Industrious on the 12th floor and The Guerry Group real estate appraisal firm on the 9th floor.
In late 2011, MFA, the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., acquired an 80 percent stake in the asset from Investa, which had held the controlling interest since 2005. Akridge currently serves as the asset’s property manager.
Jeanette Ko, Kristen Mathis, Evan Behr, Doug Mueller, and Meghan Murray of JLL represented MFA in the lease transaction with BGR. John Lugar and John Schlegel from Transwestern represented BGR.
