CBRE Arranges Sale of 3333 K Street NW on Historic Georgetown Waterfront

CBRE has completed the sale of 3333 K Street NW, a five-story, 69,754 sq. ft. boutique office property located steps from Georgetown’s bustling M Street retail corridor and offering dramatic views of the Potomac River, Chesapeake & Ohio Canal, Key Bridge, the Kennedy Center and Rosslyn, VA skyline. The property, which was formerly occupied by The Legal Services Corporation, was acquired by One Street Commercial Properties and is slated to undergo a residential conversion. The purchase price was not disclosed.

The CBRE team of Manny Fitzgerald, John Sheridan, Harry Stephens, and Charlie Mangold spearheaded the marketing campaign and represented the seller, Friends of The Legal Services Corporation, in the negotiations. In addition to the CBRE sales team, Chip Ranno at Clear Real Estate Services served as an advisor to the seller. McLean Partners represented One Street Commercial Properties in their acquisition.

“3333 K Street is a one-of-a-kind Georgetown asset, and we are thrilled to have worked closely with all parties in completing this important transaction,” said Fitzgerald. “The asset has a commanding presence along Georgetown’s historic waterfront, providing a tremendous opportunity for residential conversion.”

3333 K Street combines modern and classic designs and is just a two-minute walk from the heart of Georgetown on M Street with its more than 450 shopping, dining, entertainment, and lifestyle offerings. The building is immediately accessible via five transit arteries providing access to Downtown DC, Ronald Reagan National Airport, Northwest DC, Maryland, and Northern Virginia. In addition, 3333 K Street NW offers two levels of parking, a visitor surface lot, an expansive private courtyard, and a terrace overlooking the Chesapeake & Ohio Canal.