Vico Capital Sells 2099 Pennsylvania Ave. NW to Paramount

By GlobeSt News Hub

Print Email Share Reprints News Tip? Get Alerts

Disable this ad

Sign Up for the Washington, DC AM Alert

Join the thousands of real estate professionals that subscribe to the Washington, DC AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.

Become a registered member today and don’t miss another important story in the Washington, DC market. Let GlobeSt.com be your source for everything real estate.

WASHINGTON, DC-New York-based Paramount Group Inc. has purchased 2099 Pennsylvania Ave. NW from Vico Capital. The company has bought the trophy building, which measures 206,000 square feet, from Vico Capital for Paramount Group Real Estate Fund IV.

The purchase price of the trophy office building was not disclosed. As reported by Jones Lang LaSalle Inc., Paramount signed a deal to purchase the property late last year for $155 million. Vico Capital acquired the office property in April 2008 for $172 million. For the full story, go to Washington Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: Mid-Atlantic, Sales, Acquisitions/Dispositions, Scope, Washington, DC