WASHINGTON--(BUSINESS WIRE)--CIM Group announced today that it has signed a 10-year lease agreement with NeighborWorks America for approximately 65,000 square feet at 999 North Capitol, part of the two building Union Square office complex in DC’s burgeoning NoMa district (North of Massachusetts Avenue). NeighborWorks America, which provides access to homeownership and affordable rental housing, will relocate its national headquarters to 999 North Capitol during the second quarter of 2013. It will occupy the entire ninth floor and the majority of the eighth floor.
The Union Square complex includes the buildings at 899 and 999 North Capitol, both nine stories tall, which are connected by a newly-refurbished common central plaza. The complex has ample underground parking, and is within a short walking distance of Union Station—a transportation hub for Metro, Amtrak, and commuter rail services. Both buildings have recently been renovated with newly-designed and modernized entryways, lobbies, elevators and restrooms. In addition, a state-of-the-art fitness facility for tenants was added to the 999 North Capitol building. Both buildings have held LEED Silver certifications since 2010.
Union Square is located in the NoMa district, a thriving community that has been transformed into a popular mixed-use neighborhood that includes more than four million square feet of office, residential, hotel and retail space in a 35-block area.
Approximately 10 years ago, CIM identified the greater Washington D.C. area as possessing the attributes that meet the criteria of the firm’s urban investment strategy, and, as a result, has made several investments in the District and surrounding areas.
About CIM Group
CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional and established districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area and Bethesda, Maryland. For more information, please visit www.cimgroup.com.