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Unizo Buys Union Center Plaza II for $141M

WASHINGTON, DC--The Japanese company is becoming a prolific buyer of Washington DC properties.

1100 First St., NE. Photo by Rockefeller Group. 1100 First St., NE. Photo by Rockefeller Group.

WASHINGTON, DC–Unizo has acquired Union Center Plaza II, a 298,533-square foot office building at 820 1st St., NE, for $140.5 million, or $471 per square foot. The seller of the almost fully-occupied building is a joint venture among Harbor Group International, Capstone Equities and Image Capital. They acquired the CBD property in 2012 for $107 million.

This is the third office building that the company has acquired in the District in the last year, following its purchases of Capitol Place III and the Longfellow Building.  Unizo is also purchasing 1100 First St NE for $217 million, according to a company announcement and a source tells GlobeSt.com that that deal is still pending.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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