# Ocean West Announces Long-Term Lease Extension with the District of Columbia at Sentinel Square II

- Link: https://www.thailand-business-news.com/pr-news/ocean-west-announces-long-term-lease-extension-with-the-district-of-columbia-at-sentinel-square-ii
- Published: 2026-07-21T00:25:00+07:00
- Author: PR Newswire

WASHINGTON, July 21, 2026 /PRNewswire/ — Ocean West Capital Partners ("Ocean West")
is pleased to announce the successful execution of an eight-year lease extension
with the District of Columbia, through its Department of General Services, at Sentinel
Square II, located at 1050 First Street NE in Washington, D.C.’s NoMa submarket.

The District has been a valued tenant at Sentinel Square II for nearly a decade.
Although their lease was not scheduled to expire until 2029, Ocean West proactively
negotiated a long-term extension that secures the tenancy for an additional eight
years while increasing the property’s weighted average lease term by nearly five
years. The District, which currently maintains an AA+ credit rating, occupies approximately
two-thirds of the building, making the transaction a meaningful enhancement to the
property’s long-term income stability and value.

Ocean West led the lease negotiations on behalf of ownership, coordinating closely
with the District, tenant and landlord representatives, and the property’s lender
to structure a transaction that met the objectives of all parties while strengthening
the property’s long-term positioning.

_"We greatly value our long-standing relationship with the District of Columbia 
and are pleased to have reached an outcome that supports both the District’s continued
occupancy at Sentinel Square II and ownership’s long-term objectives," said _**_Russ
Allegrette_**_, Chief Executive Officer and Co-Founder of Ocean West Capital Partners."
By engaging with the District well ahead of lease expiration and working collaboratively
with all stakeholders, we were able to secure a long-term commitment from an investment-
grade tenant while thoughtfully structuring the economics to benefit both ownership
and the tenant. Transactions like this require creativity, persistence, and strong
partnerships."_

The lease extension showcases Ocean West’s proactive asset management approach and
commitment to creating value through strategic tenant relationships, disciplined
capital stewardship, and thoughtful execution.

**About Ocean West Capital PartnersOcean West Capital Partners is a full-service
real estate investment and management platform dedicated to identifying and executing
opportunities that create long-term value for its partners and investors. Since 
its founding in 2010, Ocean West has completed over $7.5 billion of commercial real
estate transactions and has overseen a portfolio exceeding 17 million square feet
of office and industrial properties, as well as approximately 4,500 student housing
beds and 1,000 apartment units. The firm invests with both domestic and international
clients and is active in all facets of property ownership, including property management,
asset management, construction management, and capital markets.

For press information please contact **John Weiss, 213-784-1131, ****[jweiss@oceanwestcp.com](https://www.thailand-business-news.com/pr-news/jweiss@oceanwestcp.com)****.**

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