WASHINGTON, DC-On behalf of an institutional client, InvescoReal Estate has purchased The Presidential Building, a trophyoffice building located at 1111 Pennsylvania Ave. NW from 1111Pennsylvania Holdings LLC for a total amount of $220 million orabout $665 per square foot.
The 14-story office tower leased to Morgan, Lewis & BockiusLLP measures 331,000 square feet. The property is situated next tothe Evening Star Building. The transaction was handled by EastdilSecured LLC. For the full story, go to Washington BusinessJournal.
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