Both Shorenstein and Atlanta-based WestWind Capital Partners,which serves as KanAm's US advisor, declined to comment on thetransaction.
Franklin Tower is 227,809-sf, class A building, which is 98.5%leased. The 12-story building, which includes underground parking,was constructed in 1991 and renovated in 2005.
At over $650 per sf, this trade is among the highest in theDistrict's East End, according to Tonya Ginter, director ofresearch for GVA Advantis. Other large sales include the InvestmentBuilding and 799 Ninth St.
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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.
