WASHINGTON, DC—Another foreign investor is scooping up another DC asset, according to what a source tells us. This time, though, there is a slight twist to the story line with the buyer a high net-worth based in Brazil, Grupo CB.
The source tells us that 2025 M St., NW, a CBD office owned by a partnership between Clark Enterprises and The Oliver Carr Co., is being acquired for $109 million, or $561 per square foot. CEI and Oliver Carr Co. declined to comment. The sale is currently pending, the source says.
The news, if accurate, is another data point illustrating the appeal Washington DC has for foreign investors, despite its lessening attraction, according to AFIRE's survey this year.
Lsat year 2025 M St., reach full occupancy when America Mideast Educational Training Services signed a lease for 20,000 square feet at the 194,624-square foot building.
We will update this story as we learn more.
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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.
