13th Street Washington

600 13th Street Washington

Active asset management in Washington D.C.

The building at 600 13th Street N.W. near the White House comprises 22,816 sq m of office and retail space and underwent comprehensive upgrading by Union Investment after the anchor tenant, who had occupied some 89 per cent of the total space, moved out in November 2012. The building was then repositioned in the Washington market.

Summary and achievements

The modernisation of the building made necessary by the departure of the main tenant was quick to show results. Nine of the eleven vacant storeys were relet within 12 months, while the upgrading work was still in progress. Five new leases in total were signed for the property. The leases agreed during the project phase covered approximately 17,700 sq m. A further lease for some 400 sq m was concluded in 2016/2017.
 

17,770 sq m relet within 12 months
13 months project duration
LEED-"Gold" certification
Ulrich Dischler
“As part of our long-term asset management strategy, we examine our holdings annually to see if upgrading is required to ensure that our buildings remain attractive to tenants into the future.”

Ulrich Dischler, Head of Asset Management Overseas

Comprehensive modernisation and certification

Track the refurbishment of 600 13th Street in our image gallery.

  • 600 13th Washington
  • 600 13th Washington
  • 600 13th Washington
  • 600 13th Washington

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Ulrich Dischler is responsible for international asset management at Union Investment Real Estate GmbH in Hamburg. An expert on property, he has developed a real feel for what commercial tenants around the globe will find hip today and chic tomorrow.

Asset Management Broschuere

Asset management brochure

Want to find out more about our asset management activities? Take a look at our brochure and read about the one-to-one support we provide for our tenants and how we maintain the value of our real estate holdings.