WASHINGTON, D.C. — A joint venture between TIAA-CREF and Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, has acquired a 364,000-square-foot trophy office building in Washington, D.C. for $392 million. The joint venture purchased the property located at 800 17th St. N.W. from PNC Financial Services Group.
“This unique property is exceptionally located and provides long-term income from established tenants,” says Suzan Amato, head of strategic joint ventures for TIAA-CREF. “We look forward to continuing to source prime assets on behalf of the joint venture.”
Developed in 2010, the property includes an expansive rooftop deck, a glass curtain wall and a tenant amenity package..