IGIS Asset Management and KanAm Grund Group Implement Significant Repositioning of 810 7th Street NW Near Capital One Arena

IGIS Asset Management and their advisor, KanAm Grund Group are in the midst of a major $40+ million improvement campaign and repositioning of Gallery Court, an office property located at 810 7th Street NW. The building’s name is a nod to its location in the heart of Washington DC’s East End submarket near The National Portrait Gallery, Gallery Place and Capital One Arena. This project represents a rare exception in a market that has largely been dormant with new construction and significant renovations despite the continued strong demand from tenants to relocate to newly renovated buildings.

“We are thrilled to be making this significant investment in Gallery Court, and in the future of the Washington, D.C. office market. Our vision is to create a truly exceptional workspace that not only meets the evolving needs of today's tenants but also offers an inspiring environment through exceptional design and best-in-class amenity spaces. This $40+ million base building investment in Gallery Court with a fully capitalized loan represents our collective long-term belief in the vitality of this market and our dedication to providing a premier office environment for years to come," said Shawn Kim, Executive Vice President at IGIS AM.

KanAm Grund, headquartered in Frankfurt, Germany manages the asset out of its U.S. office in Atlanta, GA and has been managing the asset for over a decade. “Gallery Court is a unique asset that will be introduced to the private sector for the first time in 20 years after a long-term GSA tenancy. We spent considerable time and resources planning the extensive renovations, including replacements of all building systems. We are very excited about this opportunity and look forward to transforming this asset into a high-performing building that provides tenants with a bespoke experience”, said Manish Bhatia, Managing Director at KanAm Grund.

Currently undergoing construction and delivering in Q2 2026, the repositioned Gallery Court will feature the following amenities:

• Several private tenant terraces including large, programmable spaces on the 4th and 7th floors of the building.
• A dramatic 6,000 SF new penthouse addition with floor to ceiling glass boasting a 12’+ finished ceiling heights that will become a multi-purpose space used for entertainment and lounge programming and large capacity conference capabilities with direct access to an outdoor terrace
• Over 3,500 sq.ft. of lounge and coffee bar amenity space directly off a newly renovated lobby that will include an indoor/outdoor connection to a programmed private outdoor courtyard
• Voluminous double height lobby experience with a pass thru lobby that allows for entrances on both 7th and 8th Streets – creating a flexible and dominant first impression
• Unique, 3,000 sq ft of private office space that features 15’+ ceiling heights and exposed brick
• Over 7,000 sq.ft. of fitness and wellness amenity space including
  • A large open concept fitness center
  • Three private fitness / recovery rooms
  • A bike storage facility connected to the fitness facility
  • Spa quality locker rooms

The CBRE team of Mark Klug, Emily Eppolito and Dimitri Hajimihalis will lead the leasing campaign on behalf of the owners, IGIS Asset Management and KanAm Grund Group.

“The Class A+ market is amongst the most active segments of our market,” said Klug. “Ownership understands what type of product is moving the market and is making a significant investment to meet the moment and deliver a dynamic space for tenants. Once completed, the renovations at Gallery Court will place it among the best office properties in Downtown DC and we are already seeing strong interest from several prospective tenants.”

The full building is available at 250,000+ square feet and benefits from a number of best-in-class characteristics including a freestanding floor with exceptional setbacks and views from every elevation, and above typical finished ceiling heights at 8’10” – 9’ and column spacing of up to 30 x 30. With a floor plate averaging 38,000 RSF, the core to perimeter depths allow for tremendous natural light to penetrate the floor given the “U” shape floor plate allowing for a market-leading office to window ratio with all views being street-facing. Post renovation, the building will also include a full base building modernization, including but not limited to: new elevator systems, modern HVAC, and LEED rating.

Located at the epicenter of downtown Washington, DC metropolitan area, Gallery Court boasts easy access to Union Station, the US Capitol and Reagan National Airport and sits just 1 block from Gallery Place / Chinatown Metro station with access to several Metro lines. Additionally, being walking distance to Capital One Arena which is itself undergoing a $1bn upgrade, and also one block from CityCenter, the property benefits from an incredibly vibrant retail amenity base with the greatest concentration and variety of restaurant and entertainment types anywhere in DC.

According to a CBRE report, Class A+ space was absorbed more than any other asset class in Q2 of 2025, recording 185,215 sq ft of positive net absorption.