WASHINGTON, DC-ELV Associates Inc., a real estate investment company based in Boston, has picked up 1776 Massachusetts Ave. NW for $45.5 million. The company has purchased the 91,312-square-foot building situated near Dupont Circle from a subsidiary of New York-based Joss Realty Partners LLC.
The sales price breaks down to approximately $498 per square foot. The building is 96% occupied by tenants such as Johns Hopkins University, Boston University and the Brookings Institution. Principals from the WLS Investment Services Group represented the seller. For the full story, go to Washington Business Journal .
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