Archstone Smith did not return a call in time for publication. TIAA did not return a call in time for publication. Sutherland did not return a call in time for publication. According to the press release, Sutherland team was led by Lisa Rosen in Washington, DC, assisted by Sheila Novak, Churchill H. D. Hooff and R. Alex DuFour.

Privatized in 2007 by Tishman Speyer and Lehman Brothers, Archstone-Smith has a strong footprint in the DC area, owning several properties. Its most ambitious development project is the $850 million development of the former Washington Convention Center. The Hines|Archstone-Smith plans to finalize design, bidding and permitting of the 10-acre site by November 2008.

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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.