WASHINGTON, DC—Carr Properties has acquired the Columbia Center office building located near the to-be-built Fannie Mae headquarters here.
HFF, which arranged the sale, reported that the transaction for the 393,815-square-foot office building finally closed.
The Washington Business Journal reported in May that the property was to be sold by an affiliate of UBS for an anticipated sale price of $138 million or approximately $350-a-square-foot.
HFF did not disclose the sales price but did say that Carr Properties purchased the property free and clear of existing debt in a structured transaction together with affiliates of the Oliver Carr Co. and Clark Enterprises.
Columbia Center is located at 1152 15th Street NW. Completed in 2008, the 12-story property is currently 94% leased and is anchored long-term by Orrick Herrington & Sutcliffe as well as Merrill Lynch.
The HFF investment sales team representing the seller included Stephen Conley, Jim Meisel, Dek Potts, Andrew Weir and Matthew Nicholson.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
