The US Treasury has been a major anchor tenant in the building since 2011. As at Sept 30, it contributed to 5.3% of MUST’s total gross rental income.
Manulife US REIT's (MUST) fifth-largest tenant, the US Treasury, has signed a 24-month lease renewal at 1750 Pennsylvania Avenue (Penn) in Washington, D.C., starting August.
The US Treasury will retain its space of about 120,000 square feet (sq ft) at Penn and the renewal will extend the property’s weighted average lease expiry from 1.4 years to 2.3 years.
