IRELAND INVESTOR PURCHASES D.C. OFFICE BUILDING FOR $172.5 MILLION

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WASHINGTON, D.C. — Ireland-based Vico Capital has purchased 2099 Pennsylvania Avenue, a 199,000-square-foot Class A office building in Washington, D.C., from Germany-based Wealth Management Capital Holding GmbH, for $172.5 million. The property is located in Washington, D.C.’s central business district and is in close proximity to the White House. The office building was 100 percent leased at the time of sale to Holland and Knight, a global law firm; Perseus, a merchant bank and private equity fund management company; and Danaher Corp., a Fortune 500 company that invests in and acquires technology and manufacturing companies. John Kevill and Collins Ege of Jones Lang LaSalle’s Washington, D.C., office represented the seller in the transaction, and the buyer was represented in-house.

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