OFFICE BUILDING SELLS FOR $14.4M IN WASHINGTON, D.C.

WASHINGTON, D.C. — An office building at 1718 Connecticut Ave. in Washington, D.C., has sold for $14.4 million. Richard McBride and Roy Ayers of McBride Real Estate Services Inc. represented both the seller, PRI Inc., and the buyer, an entity operated by telecommunications executive Dave Schaeffer. The 47,569-square-foot office building was built in 1982 and is fully leased. Tenants include the law firm of Katz, Marshall & Banks, Policy Study Associates, Electronic Privacy, and Martell & Associates.