WASHINGTON, D.C. – November 20, 2024 – Oxford Properties Group (“Oxford”) and Norges Bank Investment Management (“NBIM”), leading global real estate firms, and Stream Realty Partners announce the new lease of 65,000 square feet with Milbank, a premier international law firm, at 1101 New York Avenue, NW, in the East End submarket of Washington, D.C. This prestigious office property, a 388,000-square-foot architectural marvel designed by Kevin Roche, is now 94% leased with other premier tenants, including A&O Shearman, National Retail Federation, EY, and Bloomberg.
Jim Potocki, Director of Leasing, Oxford Properties, said, “1101 New York remains a destination of choice for employers looking to gain an edge in the battle for talent. We are proud to partner with Milbank and deliver world-class amenities to their employees in a dynamic space that will maximize collaboration in a new, more modern era of work.”
1101 New York stands adjacent to CityCenter, D.C.’s premier mixed-use environment, offering award-winning outdoor spaces, restaurants, abundant high-end retail, and best-in-class residential. The building’s floor-to-ceiling glass windows and tall ceiling heights provide ample natural light and air and offer spectacular unobstructed panoramic views of the D.C. skyline. The building’s architectural significance is further highlighted by its location on a high point downtown, encompassing an entire south-facing portion of the block overlooking CityCenterDC and New York Avenue.
Oxford, NBIM, and Stream were assisted by Dale Schlather, Malcolm Marshall, and Alson Offutt of Cushman & Wakefield, who represented Milbank. Executive Managing Director and Partner Kyle Luby, Managing Director Matt Pacinelli, Senior Vice President John Klinke, and Vice President Tim McCarty of Stream, a national commercial real estate firm offering an integrated platform of services, represented the Oxford and Norges Bank.
“We are excited to welcome Milbank to 1101 New York Avenue,” said Pacinelli. “Their decision to establish their D.C. offices here is a testament to the building’s appeal and our shared commitment to excellence. Milbank’s reputation as a global leader aligns perfectly with the prestige and modernity of this property, and we look forward to supporting their success in Washington, D.C.”
The building currently has 28,000 square feet of premium office space available.
For more information, contact Stream Washington, D.C., at 202.595.1400.
About Oxford Properties
Oxford Properties Group (“Oxford”) is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$84 billion of assets across four continents. Oxford’s owned portfolio encompasses office, logistics, retail, multifamily residential, life sciences, hotels, alternatives and credit in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees.
For more information on Oxford, visit www.oxfordproperties.com.
About Norges Bank Investment Management
Norges Bank Investment Management manages the Norwegian Government Pension Fund Global. We manage assets worth more than 17,000 billion kroner, or about 1,590 billion dollars. The fund is invested in international equity and fixed-income markets, and in real estate and renewable energy infrastructure. The aim of the fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources so that this wealth benefits both current and future generations of Norway. Our objective as manager of the fund is to generate the highest possible return on the fund. We aim to achieve this in a safe, efficient, responsible and transparent manner, and within government guidelines. For more information, visit https://www.nbim.no/en/.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
