The deal would represent the largest commercial real estate sale so far this year, and would increase EOP's local portfolio of 4 million sf by more than 10%. EOP is currently the largest landlord in the metro area.

The Carlyle Group of Washington, DC, paid $84.8 million for the 467,830-sf building in 2000. EOP, Carlyle and Cushman & Wakefield, the brokerage firm working on the deal, declined comment.

"I don't know what the seller's motivation is, but the market has changed considerably since 2000," one broker who had heard about the deal through the grapevine tells GlobeSt.com. "But I would say that $80 million in this market is not a fire-sale price. That's $171 per sf; $100 per sf would be a fire sale price."

What delayed the deal, he says, is getting to renew its long-term lease in the building, which was built in 1975. "It sounds like a good, market deal, considering the value of a long-term lease by a tenant like U.S. Bank," the broker tells GlobeSt.com

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