Unizo Holdings May Be Buying Two DC Offices Totalling $330M In Separate Deals

WASHINGTON, DC--Tokyo-based Unizo Holdings Co. appears to be expanding its US footprint not only in New York City but also in Washington DC.  After acquiring four office buildings in New York last year and one in Washington DC earlier this year, the real estate investor has two new acquisitions in the works here,  a source tells GlobeSt.com.

They are 1100 First St., NE, a 12-story, 348,958-square foot office owned by a JV between the Rockefeller Group and Mitsubishi Estate. The other is Capitol Place III at 50 F St NW, owned by Normandy Real Estate Partners, a 12-story, 203,412-square foot office building.

 The buildings are trading, respectively, at $220 million or $630 per square foot and $110 million or $541 per square foot.

Rockefeller Group and Normandy RE did not respond to GlobeSt.com's request for comment.

 Growing Global Footprint

 Unizo Holdings owns numerous buildings throughout Japan but outside of its domestic market it appears to only have holdings in New York City and Washington DC.

Earlier this year Unizo Holdings acquired the Longfellow Building, a 173,688-square foot office building located at 1201 Connecticut Ave., NW, in Washington DC from Mack-Cali for $95 million.

But to date its main interest appears to have been in New York City. Public records show it acquired its first US building there in 2013, an office property at 440 Ninth Ave. for $211.5 million.

Then, last year it acquired in rapid succession four more offices in New York: 370 Lexington Ave. for $247 million; 24 West 25th St. for $103 million; 40 West 25th St. for $106.23 million; and 321 West 44th St. for $165 million.

WASHINGTON, DC--Tokyo-based Unizo Holdings Co. appears to be expanding its US footprint not only in New York City but also in Washington DC.  After acquiring four office buildings in New York last year and one in Washington DC earlier this year, the real estate investor has two new acquisitions in the works here,  a source tells GlobeSt.com.

They are 1100 First St., NE, a 12-story, 348,958-square foot office owned by a JV between the Rockefeller Group and Mitsubishi Estate. The other is Capitol Place III at 50 F St NW, owned by Normandy Real Estate Partners, a 12-story, 203,412-square foot office building.

 The buildings are trading, respectively, at $220 million or $630 per square foot and $110 million or $541 per square foot.

Rockefeller Group and Normandy RE did not respond to GlobeSt.com's request for comment.

 Growing Global Footprint

 Unizo Holdings owns numerous buildings throughout Japan but outside of its domestic market it appears to only have holdings in New York City and Washington DC.

Earlier this year Unizo Holdings acquired the Longfellow Building, a 173,688-square foot office building located at 1201 Connecticut Ave., NW, in Washington DC from Mack-Cali for $95 million.

But to date its main interest appears to have been in New York City. Public records show it acquired its first US building there in 2013, an office property at 440 Ninth Ave. for $211.5 million.

Then, last year it acquired in rapid succession four more offices in New York: 370 Lexington Ave. for $247 million; 24 West 25th St. for $103 million; 40 West 25th St. for $106.23 million; and 321 West 44th St. for $165 million.