Piedmont Office's president C. Brent Smith says the REIT is pleased it sold the 334,000-square foot building because it reduces its exposure to the Southwest DC submarket.

With this move Amazon is investing in one of the most stable types of retail.

The 146,979-square-foot property was 65.7% leased at closing.

The name Lakeside correlates to a high asset value but that doesn't mean changing the name of an apartment building to Lakeside will create more value.

This is the private real estate investment firm's first acquisition in the Washington, DC area.

The two-day retreat is a think-tank to advance the hiring, retention and promotion of diverse women in the commercial real estate industry by providing them a platform to meet and discuss the challenges and opportunities facing women in this sector.

They range from urban condos to a hard corner portfolio and dominant intersections, according to CEO Joey Agree.

This sale follows on the heels of the sale of the 343-room, Liaison Capitol Hill in the District for $111 million.