1425 New York Avenue

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.


Chinatown Office

Chinatown has long been a popular area with DC’s residents and visitors alike—and a coveted area for developers. In 2010, through a combination of foresight, smart planning, and quick action, Monument Realty began to assemble parcels of property in the Chinatown neighborhood. One of our acquisitions on H Street consists of two parcels—one being developed with a Pod Hotel and one to be developed for office use.

Our planned Chinatown Office project will offer retail on the first two levels and Class A office space above. Parking will be accommodated below grade. The building design on the lower levels will match the scale and aesthetic of the smaller three-story buildings lining the block. The building facade will incorporate influences from neighborhood’s architecture.

Retail Leasing.

10,600 SF of brand new, ground floor retail space available. Located just one block from the Chinatown Metro stop and situated in one of District’s most varied and energetic neighborhoods.

FOR MORE INFORMATION, PLEASE CONTACT:

Roger Carlson
202.777.0148 | rcarlson@monumentretail.com


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.


Ballston Tower

Casting the Right Player in the Right Role.

In 1998, Forest City Enterprises solicited offers from third-party developers to construct a 225,000 SF speculative office building at the Ballston Common Mall, which Forest City owned and operated. The proposed office building would be constructed in an air-rights parcel atop a newly built retail pavilion, which presented a number of challenges regarding the construction, ownership and operation of the property. The mall was governed by a spiderweb of covenants, easements, and ground leases existing between three private owners, two department store anchors, and Arlington County, which owned and operated a public garage that served the project.

Monument Realty and our investment partner, Apollo Real Estate Advisors, succeeded a number of local and national developers by structuring a transaction that allowed each party to focus on its strengths and assume any mandated risk. We also worked out a commitment from Prudential Insurance Company of America to fund 100% of the project costs upon substantial completion of the base building, as well as 100% of leasing costs thereafter—a structure that we would later replicate on numerous other projects.

With that commitment in hand, we were able to negotiate a non-recourse construction loan from Bank of America for 100% of construction costs, allowing Forest City to construct the office building and act as the construction borrower. This allowed Forest City to control a complicated construction project above a valuable retail asset. Meanwhile, Prudential, Apollo Real Estate Advisors, and Monument Realty assumed 100% of the market risk in a booming R-B Corridor office market while Bank of America provided construction financing with a rock-solid take-out commitment.

In March 2000, eight months prior to the completion of construction, Monument Realty signed a 12-year, triple-net lease with E*Trade Bank for the entire building, beating pro forma rents by over 10% on a net effective basis. The partnership received leveraged returns that were off the charts and Forest City welcomed the foot traffic from over 1,000 new office workers.

We Made It Happen.

F. Russell Hines

President
558

Michael J. Darby

Principal, Founder
589

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

President
558

Michael J. Darby

Principal, Founder
589