HFF Closes $141.8 Million Sale of 1025 Thomas Jefferson Street in Georgetown
October 31 2016 - 4:17PM
Business Wire
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
closed the $141.8 million sale of 1025 Thomas Jefferson Street, an
eight-story, 317,248-square-foot, Class A office building in the
Georgetown submarket of Washington, D.C.
HFF marketed the property on behalf of the seller, The JBG
Companies, and procured the buyer, Alduwaliya Asset Management, a
United Kingdom-based private investment vehicle representing a
Qatari high net worth family.
1025 Thomas Jefferson Street fronts K Street between 30th and
Thomas Jefferson Streets and sits directly across from the
Georgetown Waterfront Park and Washington Harbour. The property’s
central Georgetown location is only two blocks south of M Street,
Georgetown’s renowned retail, dining and entertainment corridor.
Anchored by data analytics firm Palantir Technologies, the building
is 96 percent leased to 22 tenants, including the American
Institutes for Research, Carlton Fields, Education Development
Center and Combined Properties. Built in 1984 with classic
Georgetown architecture, the brick façade building features two
multi-level courtyards with fountains, a fitness facility, deli,
268 below-grade parking spaces and a Metrorail shuttle. The upper
floors offer extensive window lines and panoramic views of the
Washington Monument, Kennedy Center, historic Georgetown and
Potomac River.
The HFF investment sales team representing the seller was led by
Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matt
Nicholson.
About The JBG Companies
Headquartered in Chevy Chase, Maryland, The JBG Companies is a
private real estate investment firm that develops, owns and manages
office, residential, hotel and retail properties. The company has
more than $10 billion in assets under management and development in
the Washington, D.C. area. Since 1960, JBG has been active in the
areas where it invests, striving to positively impact local
communities. For more information, please visit www.JBG.com or find
them on Twitter @TheJBGCompanies and Facebook
www.facebook.com/TheJBGCompanies.
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/20161031005689/en/
HFFJAMES A. MEISEL, (202) 533-2500HFF Senior
Managing Directorjmeisel@hfflp.comorSTEPHEN “DEK” POTTS JR.,
(202) 533-2500HFF Senior Managing
Directordpotts@hfflp.comorKRISTEN M. MURPHY, (617)
338-0990HFF Director, Marketingkrmurphy@hfflp.com
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