Marx Realty inks more than 26,000 s/f of leasing activity at The Herald in Washington, DC

Washington, DC — Marx Realty (MNPP) announced 26,000 s/f of new leasing activity at The Herald, its repositioned, hospitality-infused office building in Washington, DC.

SynMax, a geospatial data analytics company, signed a 6,700 s/f at an asking rent of $73 psf. The tenant was represented by Andre Perez of Compass.

The Council for Affordable Quality Healthcare (CAQH) leased 4,200 s/f at an asking rent of $70 psf. The tenant was represented by John Schlegel and Tyler Marshall of Transwestern.

A confidential government affairs firm signed a 15,106 s/f extension at an asking rent of $75 psf after doubling its footprint in 2025. The tenant was represented by CBRE.

Marx Realty was represented by an Avison Young team led by Will Stern, Eli Barnes, and Lauryn Harris. With these transactions, the building is now over 91% leased. Ownership is currently negotiating term sheets with several household-name tenants for the property’s remaining premier availability.

Marx Realty repositioned The Herald in 2021, pioneering a hospitality-infused workplace concept in Washington, DC that has helped redefine tenant expectations across the market. Located at 1307 New York Avenue, the 114,000 s/f building was originally constructed in 1923 and features a distinctive Beaux Arts design.

The Herald blurs the lines between office and hospitality through a thoughtfully curated amenity offering, including a 40-seat boardroom, European-style café, and the Bouvier Lounge.