DOWNTOWN: Jamestown LP Announces New Lease Agreement for Madison Office Building

The renowned office property located just a few steps from the White House is welcoming aboard new tenants and keeping two in place. Jamestown LP, a real estate investment and management company with several DC-area properties, announced today that it has secured two tenants at Madison Office Building located at 1155 Fifteenth Street, NW. The company acquired the 98,372-square-foot office property in 2011. National trade organization, the Association for Community Affiliated Plans (ACAP) has signed a 10-year and 10-month lease and will occupy 7,020 square feet on the building’s sixth floor. The second new tenant, strategic communications and advocacy firm Vrge Strategies, a subsidiary of Next Fifteen Communications Group (LSE: NFC), signed a five-year and five-month lease and will occupy 4,684 square feet on the seventh floor. In addition to the new leases at Madison Office, existing tenant The Appraisal Foundation (TAF) renewed their 4,974-square-foot lease for 10 years and 10 months. As well, Wolters Kluwer (AMS: WKL), a global leader in professional information systems, extended their 2,111 square foot lease for two years and three months. 

Madison Office Building is a commercial property located several blocks from the White House, straddling Washington’s East End and Central Business District (CBD) submarkets. The office portion of the building comprises nine floors with each floor offering approximately 10,900 square feet. The office building is directly connected to The Madison Hotel and offers tenants access to the amenities available at the hotel, including access to top-tier conference facilities and renowned in-house catering. Other amenities include concierge services, access to the hotel fitness center, 24-hour valet parking and exceptional cuisine offered at Iron Chef Jose Garces’ upscale restaurant, Rural Society. 

Madison Office Building complements the D.C. portfolio of Jamestown, which is recognized for its collection of properties across the country including landmark buildings such as Chelsea Market and One Times Square in NYC; Ponce City Market in Atlanta; and Ghirardelli Square in San Francisco. Jamestown has also been a steadfast investor within the District. Current D.C. holdings include Georgetown Park; One Metro Center; 733 10th Street; the Georgetown Renaissance retail portfolio; America’s Square; and a two-acre development site situated in the emerging, pedestrian-friendly Capitol Riverfront neighborhood known as Congressional Square.