Uncategorized

For Immediate Release
December 2024

Stout & Teague is proud to announce the successful sale of 1307 Dolley Madison Boulevard, an 18,032-square-foot office building situated in the vibrant heart of the McLean Central Business District (CBD). This property, a staple of the community since the 1970s, has been transformed into an exciting new chapter through this transaction.

Representing their long-time client, the Ramay Family Partnership, Stout & Teague expertly marketed the property, drawing on over a decade of experience managing and leasing the McLean portfolio. The building’s legacy now continues with its new owners, an affiliate of the highly respected T. E. A. Center, a private educational institution known for its commitment to enriching young minds in McLean.

“This sale is a testament to our enduring relationships with valued clients and our ability to connect them with visionary buyers who see the potential in these community landmarks,” said Pam Hill, VP of Property Management at Stout & Teague. “We’re thrilled to see this property evolve into a hub of learning and inspiration under the stewardship of The T. E. A. Center.”

The T. E. A. Center’s acquisition brings a fresh purpose to the property, aligning perfectly with their mission to foster education in the McLean community. The new ownership ensures that the building will remain a vital part of McLean’s landscape for years to come.

Stout & Teague continues to lead the way in property management and brokerage services, with a commitment to unlocking value and driving impactful transformations for their clients and the communities they serve.

A special thanks to Lee Brady, Associate Broker Century 21 New Millenium for his diligence and collaboration.

For more information on Stout & Teague’s services or this transaction, visit stoutandteague.com or contact our team directly.

Stout & Teague Renews Literacy Lab at 1400 16th Street NW extending their tenancy for years to come.

Literacy Lab provides students–in communities experiencing racial and/or economic inequities–with evidence-based, culturally responsive literacy instruction as preparation for academic, professional, and personal success.
(https://theliteracylab.org/)

We are thrilled to welcome Numero Inc to Georgetown Court! Numero is a modern fundraising platform and donor database that Democratic elected officials and candidates at all levels of public office can use to manage the $24 billion in contributions to political campaigns. (https://numero.ai/)

We are thrilled to welcome NewU University to 1400 16th Street NW! NewU University is the first 3-year Bachelor’s degree college in the US. Students and parents save an entire year of time and money. (https://newu.university/)

We are thrilled to welcome SCOUT Bags as a new tenant to Georgetown Court! Having recently celebrated its 20 year anniversary, SCOUT Bags is an iconic Washington DC brand and we look forward to working together for years to come!

SCOUT Bags is “a Washington, DC-based brand known for fashionable, functional, affordable bags that help women of all ages contain, organize, and carry all the stuff they—and their families—need to navigate their busy days and lives.” (https://lnkd.in/e_K8idPJ)

Stout & Teague has signed The Embassy of Guinea-Bissau as a new tenant at 1400 16th Street. We are proud to welcome a second Embassy tenant to the building.

Stout & Teague, led by our VP of Property Management, Pam Hill, is proud to announce the successful completion of a significant renovation of the True Reformer Building at 1200 U St. NW, Washington, D.C. This historic landmark, a cornerstone of the U Street community, underwent a $5 million renovation to modernize its facilities while preserving its rich cultural legacy.

Working closely with the Public Welfare Foundation, Stout & Teague oversaw extensive upgrades to the building’s lobby, auditorium, facade, office spaces, and conference areas. The True Reformer Building, originally designed by John A. Lankford—the first licensed Black architect in Washington, D.C.—is one of the first buildings in the U.S. to be designed, financed, and constructed by the Black community. Today, it continues to serve as a vital space for nonprofit organizations that support racial equity and social justice initiatives.

The newly renovated first and second floors now offer nonprofit groups free access to state-of-the-art event and conference spaces, reflecting the building’s long-standing role as a hub for community engagement.

It has been a privilege to work with the Public Welfare Foundation and a talented project team including OTJ Architects, D|Watts Construction, LLC, and many design professionals and construction craftsmen to restore this architectural gem to its rightful place as the community hub of the historic U Street Corridor., said Pam Hill, Vice President, project manager for Stout & Teague.

For more information about the True Reformer Building, please visit https://www.publicwelfare.org/true-reformer-building/

We are thrilled to announce that the Council of Bishops of the United Methodist Church has renewed their lease at 110 Maryland Avenue NE.  We look forward to working with our amazing tenant for years to come.