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Manulife US Reit Bags Two-Year Lease Renewal with US Treasury
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Manulife US REIT secures two-year lease renewal with US Treasury for Washington, DC office property
SINGAPORE (EDGEPROP) - Manulife US Real Estate Investment Trust (MUST) has secured a two-year lease renewal with its fifth-largest tenant, the US Treasury, at 1750 Pennsylvania Avenue (Penn) in Washington, D.C. The lease, covering approximately 120,000 sq ft of space, maintains existing rental rates and does not include tenant improvement allowances. This renewal, which starts from August, extends the property's weighted average lease expiry fro…
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