This Week's D.C. Deal Sheet
The Cherokee Nation’s federal contracting business has opened a new 20K SF office in Tysons.
Cherokee Federal has moved more than 100 employees into the Greensboro Park Office Complex, it announced Friday, taking the entire ninth floor at 8180 Greensboro Drive.
“As we continue on a solid trajectory, this strategic expansion in D.C. provides a centralized and sophisticated environment that reflects the quality of service we are known for providing to our federal partners,” Cherokee Federal President Steven Bilby said in a statement.
Cherokee Federal, which consists of more than 35 tribal-owned federal contracting companies totaling 5,000 employees, has a number of other D.C.-area offices, but this will be its largest and will look and feel most like its Tulsa headquarters, a press representative told Bisnow.
Its contracting companies work across national security, intelligence, information technology, Department of Defense logistics and human relief for over 60 federal customers.
The new office was designed to place a significant focus on “creating a modern, open and tech-forward space that encourages collaboration, innovation and customer engagement,” the release said. It features a wellness room as well as a variety of meeting and collaboration spaces.
LEASES
Fannie Mae will stay at Carr Properties’ Midtown Center office complex post-2029, but with less than half the space it has today. The government-backed mortgage giant inked a lease for 340K SF, Carr announced Monday. That’s a reduction from its current footprint, north of 700K SF, at the downtown complex that it has anchored since its opening in 2018. The new lease commences in June 2029 and is for a 16-year term, a source familiar with the deal told Bisnow.
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Two agencies within the U.S. Treasury Department are taking 65K SF at 1575 Eye St. NW, a few blocks from the White House, the Washington Business Journal reported. The agencies are the Office of Management and Office of Technical Assistance. The 15-year deal with all options has a value of $35.6M, according to the award notice. Duwaliya US Real Estate Inc. is the property's owner.
The move is a consolidation of four leases in two other buildings: 121K SF at 1750 Pennsylvania Ave. NW and 75K SF at 1722 Eye St. NW. All four of their leases are up in August 2025, and they are expected to extend until their move-in date in the second half of 2026, per WBJ.
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Oxford Property Group and Norges Bank secured 120K SF in long-term lease renewals at 1101 New York Ave. NW. The 388K SF property’s leasing representative, Stream Realty Partners, announced the deals this week. The tenants who re-signed are A&O Shearman, the National Retail Federation and Bloomberg, though it’s unclear how much each one took. The property has 85K SF available.
JLL’s Elizabeth Cooper and Ken Patton represented the National Retail Federation. Savills’ Tom Fulcher and Adam Brecher represented A&O Shearman, and Colliers’ Richard McBride represented Bloomberg. Stream’s Kyle Luby, Matt Pacinelli, John Klinke and Tim McCarty represented the landlord.
SALES
Meadow Partners and DLC Management Corp. acquired a 378K SF shopping center in Forestville, Maryland, they announced this week. The partnership paid $68.5M for Penn Mar Shopping Center in an off-market transaction financed by Apollo and Athene. The release didn't name the seller, but Multi-Employer Property Trust acquired the property in 2011, along with Woodland Park Crossing in Herndon, for a combined $127M, the Washington Business Journal reported.
The Forestville property is 91.5% leased and is anchored by a Shoppers Food Warehouse, which recently completed a 10-year renewal and full-store renovation. Its other tenants include Burlington, Ross Dress for Less, Dollar Tree, Petco and Foot Locker. It also has eight single-tenant pads with retailers including Starbucks, Truist Bank, Taco Bell, Raising Cane’s, IHOP, Wendy’s and Long John Silver’s.
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Chuck Kuhn, head of JK Land Holdings, purchased a 25-acre Ashburn site where he plans to develop a 360K SF data center. Finmarc Management sold the site at 19886 Ashburn Road in Loudoun County for $60M, the Bethesda-based real estate firm announced this week. The site is occupied by Telos Corp.'s global headquarters, a three-story 110K SF commercial office building, and a nearly 8K SF single-story industrial/R&D structure. The firm's lease expires in 2029, the Washington Business Journal reported.
KLNB’s Ryan Goeller represented JK Land Holdings, and CBRE’s Rob Faktorow, Josh Greenberg and Anna Faktorow represented Finmarc. Aaron Rosenfeld of Kelley Drye & Warren LLP provided legal services to Finmarc.
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Terreno Realty Corp. acquired a 26K SF industrial property near the National Arboretum, the firm announced this week. The San Francisco-based REIT paid $7.6M for the 0.7-acre property at 3000 V St. NE. The property was sold by Kenness LLC, according to filings with the D.C. Recorder of Deeds, and signed by McKinley Battle of Battle’s Transportation. The building is vacant and has four dock-high and one grade-level loading position and 16 parking spaces.
PERSONNEL
Hoffman & Associates promoted Maria Thompson from chief operating officer to president, the D.C.-based company announced in a release last week. Thompson replaces Shawn Seaman, who was promoted to president in 2019. Seaman is moving on to “pursue other opportunities,” the company said. Thompson has been with Hoffman since 2015 and served as COO since 2022, according to her LinkedIn profile. She has been involved in The Wharf, The Westerly, Parcel B at Audi Field, Seaboard Station and West Falls.
