However, several weeks ago the pending sale was reported in Real Estate Finance and Investment, for $150 million or $290 per square foot. A Prudential spokeswoman told GlobeSt.com at the time that the sale had not closed and pricing details were not yet fixed. Prudential and Invesco declined to comment about the deal when it did close. HFF, which brokered the sale, did not return a call in time for publication.
Redeveloped in 2005, the 11-story property is LEED-Silver certified . It also meets the Department of Justice Level IV security requirements for blast design. The building also features a three-level, 350-space underground parking garage, a cafeteria, a conference/meeting facility and a fitness center.
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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.
