Meritage Properties made 1411 K Street, NW in Washington, DC, its first acquisition in June of 2003. 1411 K is ideally located just three blocks from the White House, a short walk from Metro and with views of both McPherson Square and Franklin Square. 1411 K offers the smaller tenant an unparalleled opportunity in the heart of Washington, DC.

In August, 2004, Meritage Properties completed a significant renovation of 1411 K, including the replacement of the building's K Street windows and facade, expansion of the building's lobby and implement upgrade of the buildings systems. Renovation was completed during the summer of 2004.

• 14 stories
• 66,000 rentable square feet
• 4,857 rsf per floor
• Park views
• Short walk to Metro
• New K Street windows, facade, and storefront
• Upgraded lobby
• New HVAC system

Having completed the renovation program and successfully repositioned 1411 K Street in the market, Meritage sold 1411 K Street in June of 2005, resulting in investor returns exceeding original projections.