Investment represents first joint venture together since Montclif’s launch and is consistent with its strategy to buy high-quality institutional office and mixed-use assets at cyclical lows
Washington, D.C. (August 31, 2026) – Montclif and FCP® are pleased to announce the $126.0 million acquisition of Hamilton Square, a nine-story, 278,000 square-foot mixed-use asset located at 600 14th Street NW, just one block east of the U.S. Treasury and the White House. Hamilton Square marks Montclif’s first joint venture since its launch in April 2026 and is among the largest commercial office transactions in Washington, D.C., in 2026.
Completed in 1929 as a high-end department store and later repositioned as Class-A office space, Hamilton Square pairs iconic Art Deco architecture with modern building systems and amenities. The property features loft ceiling heights reaching nearly 16’ on certain floors, a 12,500-square-foot rooftop terrace and conference facility, an expansive fitness center and bike room, and a trophy-quality lobby. The ground-floor retail is anchored by The Hamilton restaurant and music venue, a top-ten-grossing restaurant, and the recently opened Giordiano’s. The building’s office tenancy includes several Fortune 100 firms such as GE and IBM, as well as Convene’s flagship DC location, which hosts upscale corporate events and provides workplace solutions for several prominent tech, AI and professional service companies.
“Hamilton Square is precisely the asset we started Montclif to own,” said Erik Weinberg, Co-Founder of Montclif. “It is a fully leased building with great tenancy, institutionally maintained and located in one of the most established and sought-after locations in Washington, D.C. Acquiring the asset at a reset basis with a fresh capital stack will allow us to continue to maintain the building’s status as a top-tier asset.” The venture plans to make select operational and capital enhancements to build upon a $17 million renovation completed in 2020, which added several first-class amenities.
“Hamilton Square reflects FCP’s highly selective approach to our commercial office strategy,” said FCP Partner Jason Ward. “This well-positioned, institutional-quality landmark property in our home market creates a unique value-add opportunity in partnership with commercial office specialist, Montclif.”
Montclif and FCP extend their appreciation to Tim McDonald and Collins Ege of Eastdil Secured Savills (ESS), who represented the seller in the transaction, as well as Nick Seidenberg and Axel Azcue, also of ESS, for sourcing acquisition financing provided by affiliates of Apollo Global Management. Stream’s Kyle Luby, John Klinke and Joe Reilly have been engaged to lease and manage the asset on behalf of the venture.
About Montclif:
Montclif is a commercial real estate investment firm based in Chevy Chase, Maryland, focused on acquiring high-quality, income-producing office and mixed-use properties in major East Coast and Sun Belt markets. Founded by Erik Weinberg and Jackson Prentice, the firm currently pursues value-add, opportunistic returns through deeply discounted purchases of institutional-quality assets that require light capital improvements and active asset management. For further information on Montclif, please visit montclif.com.
About FCP:
FCP®, a subsidiary of Federated Hermes, Inc., is a privately held real estate investment company that has invested in or financed more than $14.8 billion in gross asset value since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit fcpdc.com.
