NASA is currently evaluating its options for a new headquarters in Washington, D.C. as their lease at Two Independence Square will expire in August 2028, according to the Washington Business Journal. The agency, which occupies the entire 605,895-square-foot building at 300 E St. SW, is considering leasing or purchasing a different property or constructing a new headquarters within the Washington area.
The owners of 300 E are Hana Alternative Asset Management Co. Ltd and Ocean West Capital Partners who acquired the property for $360 million in 2017. They recently secured a $275 million recapitalization deal that allows them to make debt-only payments until their lease expires.
Moody’s Investors Service Inc has placed under review for possible downgrade of its $275 million debt on this building due to federal leasing policy trends and weakness in national office real estate market.
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