PENZANCE ACQUIRES WATERGATE OFFICE BUILDING

WASHINGTON, D.C. — Washington, D.C.-based Penzance has purchased the 200,000-square-foot Watergate, an office building located at 2600 Virginia Ave. NW in Washington, D.C.The 12-story building is located in the Watergate office and residential complex. Eastdil Secured's Washington, D.C., office represented the undisclosed seller in the transaction.