HFF sells DC property for USD421m
Holliday Fenoglio Fowler (HFF) has sold 1800 M Street, a 580,930-square-foot, recently repositioned, Class A office building in Washington, DC for USD3421m.
The HFF team represented the seller and procured the buyer, a joint venture between Columbia Property Trust and Allianz Real Estate of America, Inc.
1800 M Street is a 10-storey office building situated at the corner of 18th and M Streets in Washington, D.C.’s Golden Triangle area. The asset has a Walk Score of 99 and is less than a five-minute walk from Farragut Square, Dupont Circle, Restaurant Row and Connecticut Avenue. Additionally, it is positioned within a short walk of Washington, DC’s most popular residential neighbourhoods of Logan Circle, Dupont Circle and Georgetown and is within blocks of three Metro stations (Dupont Circle, Farragut North and Farragut West). Recently repositioned and renovated, 1800 M Street is 94 percent leased to 34 tenants and features nine corner offices per floor, versatile dual core floor plates, dual lobbies, a roof top deck and a best-in-class fitness centre.
The HFF investment sales team representing the seller included senior managing directors Andrew Weir and Jim Meisel, executive managing director Stephen Conley and director Matt Nicholson.
The marketing effort was further supported by HFF’s national co-head of investment sales Manny de Zárraga and HFF’s Global Capital Team comprised of senior managing directors Dan Cashdan, Riaz Cassum, Coleman Benedict and Gerry Rohm.