Japanese Real Estate Company Purchases Historic Property Near White House
Mitsui Fudosan America, Inc. (MFA) today announced the purchase of an 80% controlling interest in The Homer Building, a landmark office property of nearly 422,000 square-feet. The Homer Building is located in the heart of Washington, D.C., just three blocks from the White House. Tenants include General Mills, Amgen, and Toyota. With this acquisition MFA now owns approximately 3.8 million square feet of commercial space in the U.S.
“The Homer Building is a trophy property, and this acquisition marks a second, important phase in the expansion of Mitsui Fudosan in the U.S. market,” said Yukio Yoshida, President and CEO of MFA. “The building’s rich history, historic architectural design, and premier location are central to our strategy to invest in high quality assets in established, growing markets. We are evaluating further such acquisitions and development opportunities.”
Originally built in 1913 and completely restored in 1990, the historic Homer Building features a 12-story atrium, a museum-quality lobby, extensive white marble staircases and a LEED Gold certification. It has received both architecture and historic preservation awards from the District Chapter of the American Institute of Architects. The location provides access to DC Metrorail’s Orange, Blue, and Red lines, and the building’s ground floor is lined with retail shops along 13th, F, and G Streets.
MFA has been engaged in an initiative to expand its portfolio of commercial properties. With The Homer Building purchase six properties have been acquired in Washington D.C., San Francisco, CA, and New York, NY. Among MFA’s holdings is its flagship property at 1251 Avenue of the Americas in New York, NY.
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About Mitsui Fudosan America
Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York, NY. MFA is the U.S. subsidiary of Mitsui Fudosan Co., Ltd. Japan’s largest publicly quoted real estate company. MFA’s history in the U.S. markets dates back to the early 1970’s and includes its acquisition and redevelopment of the renowned Halekulani Hotel in Waikiki, Hawaii, with additional investments in San Francisco, Los Angeles, San Diego, Washington, D.C., Chicago and New York. MFA’s flagship commercial property is located in Rockefeller Center at 1251 Avenue of the Americas in New York, one of the city’s most prestigious business addresses.
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