WASHINGTON, DC-The asset at 2001 L St., NW, has traded for $61.7 million. Minshall Stewart Properties acquired the 10-story, 156,766-square foot office building from an LLC in a deal brokered by Transwestern on behalf of the seller. Tenants in the building include the Peace Corps; Institute of Electrical and Electronics Engineers; Economic Consulting Services LLC; and Levine, Blaszak, Block, Boothby LLP.

The building was originally constructed in 1985 and then renovated with capital upgrades that include new elevator lobbies and cooling towers.

The address puts the building in the heart of the Golden Triangle submarket—a part of town where office buildings rarely come to market, much less trade. However, the sale of 2001 L St. follows by several days the sale of 1776 Eye St., NW, an office property that sold for $119.6 million, a discounted price after it lost its major tenant to another building close by.  New York-based Rockrose Development Corp. acquired that building from Ralph Dweck.

Other submarket trades include last year’s sale of a boutique office building and adjacent retail townhouse at 1301 and 1317 Connecticut Ave., NW, for $26.7 million.  These buildings were highly coveted since they hold the distinction of being one of only 14 corner assets with a Connecticut Ave. address in the CBD.

In another transaction last year, American Real Estate Partners and the Davis Cos. acquired 1140 and 1146 19th Street, NW, for a total of approximately $40 million.

Finally, last year also saw one of the few distressed trades in this submarket. The buyer was, again, Rockrose Development, which snagged out of special servicing an office at 1150 18th St., at the distress price of $43 million. The 180,000-square foot property traded at a 25% discount from the last time it was sold, which was in 2007.