MAYFIELDGENTRY REALTY ACQUIRES D.C. OFFICE BUILDING

by admin

WASHINGTON, D.C. — Detroit-based MayfieldGentry Realty Advisors has acquired 1522 K Street N.W., an 81,094-square-foot, 11-story office building in Washington, D.C., from Intrepid K Street, for an undisclosed amount. The Class B property was 89 percent occupied by 30 tenants at the time of sale, including: Atelier Architects, the National Sleep Foundation and R.E. Bushnell & Law Firm. Steven Gichner and Eric Berkman of Grubb & Ellis’ Washington D.C. office represented the seller. The property is located three blocks from the White House and is adjacent to the St. Regis Washington, D.C. hotel. The new owner plans to renovate the property to achieve Class A status.

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