MRP Realty Completes Renovation And Repositioning Of 1333 H Street

8/16/17

Image courtesy of MRP Realty

MRP Realty, developers of commercial, residential and mixed-use real estate across the Mid-Atlantic region, announced today the completion of the renovation and repositioning of 1333 H Street.

Constructed in 1912 and 1982, 1333 H Street consists of two Class A office buildings located on the corner of 14th and H Streets in the East End submarket. After taking the property through the Historic Preservation Review Board and necessary entitlements, MRP, while retaining building management, sold the building in December 2015, less than 18 months after purchase.

“We acquired this building, in large part, because we recognized its unique features,” said Jackson Prentice, senior vice president of MRP Realty. “Through the renovation and repositioning process, we have sought to emphasize the details through prominent lighting and enhancing interesting views, utilizing them to produce creative office spaces for our tenants.”

“1333 H Street was a great challenge for us to integrate the textured, historic elements with light and edginess,” said Jordan Goldstein, principal and co-managing director of Gensler Washington and architect of the property. “Working with MRP, we designed a new façade, reimagined the lobby, and tied the two buildings together within a seamless transition.”

Currently 95 percent leased, 1333 H Street’s major tenants include the Center for American Progress, The Institute of International Finance, Inc. and others. The property is located two blocks from CityCenter, one block from McPherson Square Metro and three blocks from Metro Center.

Davis Construction served as the general contractor for all the base building work and the Thomson Reuters buildout.

For more information and images, please visit mrprealty.com/1333-h-street/

About MRP Realty

Founded in 2005, MRP Realty is a real estate operating company focused on opportunistic and value-add investment in the northeastern United States, with offices in Washington, D.C., Maryland, Virginia, Pennsylvania, and New York City. MRP provides to its institutional capital partners a full array of real estate services including: acquisition/disposition, development/construction management, property management, asset management and financial reporting services. Since the company’s inception, MRP has deployed nearly $3.5 billion in total capitalization, with another $2+ billion of active residential, office, mixed-use, and industrial projects underway. MRP’s combined development assets total more than 20 million square feet, with an additional 9+ million square feet under management.

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