WASHINGTON, DC-A historic building in DC’s southeast neighborhood has traded hands. Madison Marquette purchased 770 M St. from Preferred Unlimited for an undisclosed price. A source confirmed for GlobeSt.com that the 99,984-sf building traded at close to $25 million. Jayne Shister, Paul Collins, and Christopher Woods of Cassidy Pinkard Colliers represented the seller.

The building, which is 100% leased, once housed trolley and cable cars that traveled the loop from the White House, Capitol and Navy Yard. It is now home to several charter schools that will remain tenants until the leases roll over in 2012, Shister tells GlobeSt.com. When the tenants are out of the building, Madison has plans to redevelop it into a retail project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.