An iconic Downtown Washington, D.C., office building that has been reimagined with modern technologies will soon be home to a prominent not-for-profit corporation that advances, promotes, and serves the physical sciences for the benefit of humanity.
The American Center for Physics will move its national headquarters from College Park, Maryland, to 30,000 square feet on the second floor of District Center at 555 12th St. NW. The nonprofit will bring together three societies under one roof of the 12-story building: the American Institute of Physics (AIP), American Physical Society (APS), and American Association of Physics Teachers (AAPT). District Center is owned by a joint venture between MetLife Investment Management and Norges Bank Investment Management.
Stream Realty Partners Managing Directors Matt Pacinelli and Andrew Eichberg and Senior Vice President John Klinke represented the landlord, an affiliate of MetLife, in the transaction. David Cornbrooks, Wendy Feldman Block, and Tim Foley of Savills represented the American Center for Physics.
District Center offers a total of 795,127 square feet with a host of desired indoor and outdoor amenities. The Class A building features an atrium lounge with hospitality-inspired seating; fitness center with high-end equipment, group and personal training services, lockers, and showers; and ample bicycle storage. The rooftop Sky Lounge boasts 3,391 rentable square feet of enclosed conference/entertainment space as well as outdoor terrace areas along the 12th Street side of the building. Folding glass doors separate the lounge spaces and can be opened or closed for tenant events. On-site restaurant offerings include Tosca Ristorante and Potbelly Sandwich Works.
Encompassing a full city block in the heart of Downtown Washington, D.C., District Center is in between the White House and Capitol Hill and offers easy access to multiple Washington Metro transit stops. Ronald Reagan Washington National Airport is 5.1 miles away.
“District Center is a compelling mix of prime location, iconic architecture, and first-class, institutional sponsorship,” Pacinelli said. “We are particularly honored to have been able to collaborate in such a positive manner with MetLife Investment Management, Norges Bank Investment Management, JLL property management, Savills, and ACP on this transaction. We look forward to seeing ACP’s employees and guests experience the truly special nature of the building.”
Suites from 4,000 square feet up to a full floor with 65,000 square feet are currently available at District Center. For information, contact Stream Washington, D.C., at 202.595.1400.