JLL Brokers Nearly $70M Sale of DC Office Building
Located three blocks from the White House, the property sold to a Credit Suisse Asset Management global real estate fund.
WASHINGTON DC – JLL has closed the sale of 1120 G Street in Washington DC for $69.75 million. The property was sold to a Credit Suisse Asset Management global real estate fund.
The ten-story, 134,964-square-foot office building offers 13,000-square-foot floorplates. The asset is currently 75% leased to 13 tenants.
Located in the East End submarket, the property is situated on a corner lot, adjacent to Metro Center. The building is located three blocks from the White House, with close proximity to all six Metrorail lines.
The JLL Capital Markets team of Jim Meisel, Matt Nicholson, Andrew Weir, Stephen Conley and Dave Baker represented the seller in the disposition. Lacy Ltd. advised the buyer in the deal.
The transaction was initially marketed and secured by Holliday Fenoglio Fowler LP (HFF), prior to the firm being acquired by JLL in July 2019.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm occupies offices in nearly 50 countries, with more than 3,700 capital markets specialists worldwide.
JLL is a professional services firm that specializes in real estate and investment management. The Fortune 500 company conducts operations in more than 80 countries, with an annual revenue of $16.3 billion.