817 Connecticut Commands $352 Per-SF

WASHINGTON, DC-The 21,300-sf office building at 816 Connecticut Ave. gets snapped up in a $7.5-million deal between seller the Estate of Pierre D'Andrimont and buyer RE Capital Partners. The 15-year-old structure is currently 100% leased and has an assessed value of about $6.7 million.

By Barbra Murray | January 06, 2003 at 01:01 AM

The property garnered a great deal of attention from potential buyers who were eager to acquire the property. Advantis/GVA's Dek Potts and Jim Meisel handled the marketing and ultimate sale of the building on behalf of the seller. Potts explains that 816 Connecticut's unique "views of the White House and the Connecticut Ave. corridor as well as its extremely stable occupancy history resulted in numerous competitive bids for the asset.

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