REBusinessOnline

MIXED-USE CAPITOL LOUNGE SELLS FOR $5 MILLION

WASHINGTON, D.C. — Jim Kornick, Jerry Burg and Matt Clinebell of NorthMarq’s Washington office recently brokered the sale of the 8,780-square-foot Capitol Lounge building, which contains two floors of office space and a restaurant, for $5.87 million. Further details of the transaction for the building, located at 229 Pennsylvania Ave., were not released. Roy Hill of Marcus & Millichap represented the seller.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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