Harbor Group International (HGI) has provided a $38.3 million senior loan to Kairos Investment Management Company to refinance and reposition 1250 Eye Street, a 12-story, 180,000-square-foot office building located in Washington, D.C.’s East End.
The financing will support Kairos’ efforts to implement ongoing capital improvements and boost leasing activity. Since acquiring the property in 2023, Kairos has already secured several new tenants and is moving forward with an extensive renovation plan. Planned enhancements include the addition of a new tenant amenity suite on the 12th floor, designed by Gensler, featuring a hospitality lounge, conference center, bar and kitchen, and outdoor terrace. Other upgrades will improve the building’s lobby, gym, bike room, valet area, and offer move-in-ready office suites.
Located at the prominent intersection of 13th and I Streets, with views of Franklin Park, 1250 Eye Street boasts convenient access to key Washington, D.C. destinations including the White House, Capital One Arena, and CityCenterDC.
“This financing aligns with our strategy of backing well-located assets with long-term demand and experienced sponsors,” said Michael Nathan, Chief Investment Officer – Office at HGI.
