WASHINGTON, DC-New York-based Rockrose DevelopmentCorp. says it under contract to purchase 1776 Eye StreetNW, a CBD office building located in the heart of the GoldenTriangle Business District. The seller is RalphDweck. Rockrose did not disclose the contract price butdid note that the reported asking priced was $140 million.

Gerry Trainer of Transwestern represented theseller. Craig Deitelzweig, head of Rockrose’soffice division, represented Rockrose in-house. Neither Rockrosenor Trainer returned a call to GlobeSt.com in time forpublication.

The 225,000-square foot, 10-story building is 90% leased. Tenants include Dow Chemical, Conoco Phillips, Fujitsu and theRepresentative of German Industry and Trade.

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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.