The Internal Revenue Service will be moving from 1750 Pennsylvania Avenue in DC to 999 North Capitol Street, a recently renovated project from the CIM Group and managed by Akridge. The IRS is expected to occupy 100,500 square feet in the Union Square office complex by January 2012 under a new 10-year lease according to a Washington Business Journal article. CIM bought Union Square, which also includes 899 N. Capitol and future development rights, from J. P. Morgan in 2007. The lease marks Union Square‘s second major government lease – the DC Department of Health claimed 150,000 square feet in the development’ssouthern building, 899 North Capitol, last Spring.
Union Square consists of two Class A office buildings in the North of Massachusetts Avenue ("NoMa") district of Washington DC. Together the buildings provide 609,540 square feet. of office space. The two 9-story buildings are linked by a common center plaza. The property offers convenient access to transportation, including Metro, Amtrak, bus, and commuter rail, as well as ample underground parking. The buildings were constructed between 1969 and 1973 and fully renovated in 1999. A third building of more than 260,000 square feet could be built on the plaza in the future.
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