$62M Takes Georgetown North

Jones Lang LaSalle's Jim Molloy, Collins Ege, John Kevill and Sean McDermott represented Prudential in the deal. Located at 2001 Wisconsin Ave. and 3300 Whitehaven St., the 240,475-square-foot campus fully occupied in a triple-net leased to Georgetown University through September 2019. Each four- and five-story building has been renovated since 2005. The Whitehaven Street property serves as an off-campus support center, while the Wisconsin Avenue property is subleased to the British School of Washington, DC. The transaction was a solid one for the buyer, with its high quality tenant and long-standing lease, Molloy tells GlobeSt.com.

This deal follows on the heels of a few high profile trades--including 1999 K St., which traded for $207.8 million or $830 per square foot, earlier this month--one of the highest per square foot trades in recent history. Another was the $112-million sale of Willow Oaks in Fairfax, VA, acquired by KBS REIT II. Last month Prudential Real Estate Investors sold the 500,000-square-foot Potomac Center North on behalf of an investor.