JV BUYS D.C. OFFICE BUILDING FOR $180M

by admin

WASHINGTON, D.C. — A joint venture between New York City-based The Rockefeller Group and New York City-based Mitsubishi Estate New York has acquired a 347,608-square-foot office building, located at 1100 First St. NE in Washington, D.C., from Eastdil Secured. According to CoStar, the sale price was $180 million. The 12-story building is LEED Gold certified, and is 95 percent leased to tenants including the Department of Veterans Affairs, the Federal Energy Regulatory Commission and Mathematica Policy Research. Both parties were self-represented in the transaction.

You may also like