Westbrook’s Ground Lease with GWU to Renovate Mixed-Use Property in D.C.

Orrick’s advised Westbrook Partners on the long-term ground lease with George Washington University and related mortgage and mezzanine financing from Brookfield, to revamp 2000 Penn, a 404,000 square-foot mixed-use complex that includes office-and-retail space on Pennsylvania Avenue in Washington D.C.

Westbrook, along with its joint venture partner D.C.-based MRP Realty, plan to reposition the 10-story building by bringing in new several new retail tenants as well as a coworking provider that will have event space and add new amenities other tenants can also access.

Westbrook Partners LLC is a real estate investment management company. The Firm, based in New York, provides advisory services to public and private pension funds, endowments, foundations, and financial institutions.

Orrick advised Westbrook Partners with a team including Randy Perry (Picture), Brandon Soleimani and Daniel Rothberg.

Involved fees earner: Randolph Perry – Orrick; Brandon Soleimani – Orrick; Daniel Rothberg – Orrick;

Law Firms: Orrick;

Clients: Westbrook Partners;


Author: Ambrogio Visconti