Marx Realty announces partnership with Invesco Real Estate
Marx Realty, a New York–based owner, developer and manager of office, retail and multifamily property across the United States, has entered into a partnership with Invesco Real Estate for the $75 million transformation of The Herald, a 134,000-square-foot office building located at 1307 New York Ave. NW in Washington, D.C. Marx Realty continues on a path of acquiring and reimagining office properties in New York, Washington, D.C., and Atlanta to attract the next generation of office tenants.
“The Herald is a truly unique project in Washington, D.C. because of the unparalleled emphasis on design. Invesco Real Estate’s interest in partnering with us supports our belief that the amazing sensory office experience we pioneered will continue attracting marquis tenants at premium rents,” said Craig Deitelzweig, president and CEO of Marx Realty.
Marx Realty acquired The Herald in April 2020 in the midst of the COVID-19 pandemic. The firm credits its reputation for pio