WASHINGTON, D.C. – May 2, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the successful sale and forthcoming renovations of 1899 L, a prime corner office building located at 1899 L St. NW in Washington, D.C.’s bustling Central Business District.
1899 L, which was recently acquired by Taicoon Property Partners, is a landmark 152,000-square-foot office building situated along 19th Street’s vibrant “Restaurant Row.” Renovations in 2022 included the main lobby, elevator cabs, a chilled beam mechanical system, a conference center, a fitness center, a bike room, and more.
Future renovations planned by Taicoon Property Partners will feature an updated façade, enhanced restrooms, and common areas, redesigned retail storefronts, and a comprehensive modernization of the building’s amenities and infrastructure.
“As the proud new owner of 1899 L, I am thrilled to announce exciting renovations that will create an unparalleled environment for tenants and visitors alike,” said Hai Chien Wang, CEO and Co-Founder of Taicoon Property Partners. “This repositioning underscores our commitment to fostering a vibrant community and premier space-making for businesses and professionals.”
“1899 L has always had significant potential given its strategic location in the heart of the CBD,” said Stream Managing Director Matt Pacinelli. “We are excited to partner with Taicoon Property Partners to further enhance the building and deliver one of the most compelling office projects in Downtown D.C.”
Stream represented Taicoon Property Partners in the acquisition, with Managing Directors Charlie Smiroldo and Matt Pacinelli leading the buyer representation. The sale was facilitated by Collins Ege and Bradley Allen of Eastdil Secured, who represented the seller.
In addition to advising on the acquisition, Stream also serves as the leasing agent for the building. Office suites from 2,500 square feet to 13,000 square feet are currently available. For leasing information, contact Matt Pacinelli, Vanessa Carrion, or Kenneth Williams of Stream Washington, D.C., at 202.595.1400.
About Taicoon Property Partners
Taicoon Property Partners is a forward-thinking real estate development company in the Washington, D.C. area revolutionizing the industry through creative and innovative approaches that add significant value to properties. By constantly challenging traditional norms, we strive to set new benchmarks in the real estate sector and deliver exceptional value to our clients and stakeholders.
Our company vision is to be recognized as a trailblazer in the real estate industry, setting new standards for innovation, creative adaptive use of space, and a belief in community-focused development.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services, including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, 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 more than $8.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
