"We saw this as a unique opportunity to acquire a solid building in a wonderful location, to replace the facade and renovate the common areas, yet continue to provide an affordable alternative to tenants seeking a K St. address with views of both the Franklin Square and McPherson Square parks," Buchanan principal Brian Benninghoff explains.

Tenants in the building, which is nearly fully occupied at 97%, include Digital legal Services, Washington Better Business Bureau and Weight Watchers.

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