HFF Closes $228 Million Sale of LEED Gold, Class A Office Building in Washington, D.C.
October 11 2016 - 4:17PM
Business Wire
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
closed the $228 million sale of The Executive Building, a
332,022-square-foot, LEED Gold-certified, Class A office building
in downtown Washington, D.C.
HFF marketed the property on behalf of the seller, Invesco Real
Estate and procured the buyer, UNIZO Holdings Company, Limited.
The Executive Building, located at 1030 15th Street NW, is
situated on a prominent corner location at 15th and L Streets just
steps from the McPherson Square and Farragut North and West
Metrorail stations, providing access to the Orange, Blue, Silver
and Red lines. The property is situated across from Midtown Center,
the future Fannie Mae headquarters that will bring more than 3,500
new employees to downtown Washington, D.C., and rival the retail
offerings of CityCenterDC. Additionally, the property is situated
just three blocks from the White House and is proximate to many
federal agencies driving the downtown office market. Completed in
2008, the 12-story Executive Building is 93 percent leased to
tenants, including The Atlantic Council of the United States and
National Quality Forum. The property’s amenity package features a
tenant-only fitness center, conference facilities, full-service
concierge, on-site retail amenities and a 178-space underground
parking facility.
The HFF investment sales team representing the seller was led by
Stephen Conley, Andrew Weir, Jim Meisel, Dek Potts and Matt
Nicholson.
About Invesco Real
Estate
Invesco Real Estate is a global leader in the real estate
investment management business with over $71.3 billion in real
estate assets under management, 441 employees and 21 regional
offices across the U.S., Europe and Asia. The firm was established
in 1983 and has been actively investing in core, value-add and
opportunistic real estate strategies since 1992. Invesco Real
Estate is a subsidiary of Invesco Ltd., (NYSE: IVZ), one of the
largest investment management firms in the world with $779.6
billion in assets under management and on-the-ground presence in 25
cities worldwide. Information as of June 30, 2016.
About UNIZO
UNIZO (www.unizo-hd.co.jp/en/) is a publicly-traded real estate
investment and development company based in Tokyo.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE:
HF). HFF operates out of 23 offices nationwide and is a leading
provider of commercial real estate and capital markets services to
the U.S. commercial real estate industry. HFF together with its
affiliate HFFS offer clients a fully integrated national capital
markets platform including debt placement, investment sales, equity
placement, advisory services, loan sales and commercial loan
servicing. For more information please visit hfflp.com or follow
HFF on Twitter @HFF.
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version on businesswire.com: http://www.businesswire.com/news/home/20161011006382/en/
HFFStephen Conley, (202) 533-2500HFF Executive Managing
Directorsconley@hfflp.comorAndrew Weir, (202) 533-2500HFF
Senior Managing Directoraweir@hfflp.comorKristen Murphy,
(617) 338-0990HFF Director, Marketingkrmurphy@hfflp.com
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