WASHINGTON, DC—Boston based Beacon Capital Partners has decided to follow up MedStar Health's long-term lease deal last month at the three-building Lafayette Center with the reported hiring of Eastdil Secured to market the 784,000-square-foot complex for sale.
MedStar Health's 112,000-square-foot lease deal involves the development of an ambulatory care campus at the property in Northwest DC. MedStar expects to spend $26 million to develop the center in Lafayette Centre's Building 2, which will be renamed the MedStar Health Building, according to the Washington Business Journal.
Lafayette Centre features three buildings at 1120 20th St. NW, 1133 and 1155 21st St. NW. Beacon purchased the complex in April 2007 for a recorded price of $377.4 million, according the D.C. Office of Tax and Revenue. Beacon Capital and Eastdil could not be reached for comment or declined comment on the report of the property being put on the market for sale. See story in the Washington Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
