One M
One M will serve as the new headquarters for the National Association of Broadcasters (NAB). This 11-story, 118,000 SF, LEED® Silver-certified Class A office building will offer a conferencing center on the top two floors and 4,100 SF of retail space on the ground floor. A premier office location, it will provide unobstructed views of the U.S. Capitol, as well as spectacular views to Washington’s monumental core. The building will also have a state-of-the-art fitness center, a spacious two-story lobby, glass facade, rooftop terrace, 24-hour security, and a three-level parking garage located below grade.
One M is in an unmatched location, with the Navy Yard Metro less than a block away and in close proximity to the Capitol building, Nationals Park, as well as The Yards and The Wharf. I-295, I-395, the George Washington Parkway, and other main thoroughfares offer easy access to Reagan National Airport and downtown Washington, DC.
Monument View
Stars (and Interests) Align.
In the aftermath of the 2008 financial collapse, Monument Realty orchestrated the trifecta of real estate deals. It culminated in a build-to-suit for The Boeing Company, which consolidated its regional operations into a 320,000 SF office building across from the Pentagon.
The former Twin Bridges Marriott site located at the foot of the 14th Street Bridge is the definition of great real estate. Situated between the Pentagon and Reagan National Airport, the property – aptly named “Monument View” – offers panoramic views of Washington’s monumental core. Monument Realty understood the intrinsic value of the site and the significant interest it would generate from groups like Boeing and even Arlington County, which hoped to incorporate the site into a new 30-acre park. However, at that point in time, the real estate market was still in recovery and development of any kind was a real challenge.
Undaunted, Monument Realty formulated a plan and within a matter of weeks we had put the following agreements in place: (1) a contract to purchase the Twin Bridges site from the owner, with whom we had spent years fostering a relationship; (2) an exchange agreement with Arlington County, swapping the Twin Bridges site for an equally valuable county-owned property nearby; and (3) a build-to-suit agreement with Boeing to develop a world-class regional headquarters, that we would sell to Boeing at completion of construction.
With interests firmly aligned between the parties, Monument Realty completed the entitlement and design, always looking for opportunities to squeeze more risk from the deal. We put the finishing touches on the deal by leveraging Boeing’s stellar credit to finance most of the development costs, generating even greater returns for our investment partners.
We Made It Happen.
F. Russell Hines
