Office

WASHINGTON, DC-The historic Army and Navy Club Building sells for $37.4 million to Chicago's Equity Office Properties Trust. Formerly the property of Dutch Metal Workers Pension Fund, the 100% leased, 170,000-sf structure is home to the 117-year-old club, as well as business tenants.

IRVING, TX-Archon Group's 100,000-sf headquarters renewal at 600 Las Colinas Blvd. pushes the 510,000-sf asset's sales team into action. The Dallas area has three trophies on the open market and two under contract or close to it.

SUGAR LAND, TX-Mission Equities of Texas secures permanent financing through Ohio National Life Insurance Co. of Cincinnati, thanks to the efforts of a loan originator with Houston's Live Oak Capital. The office building is 95% occupied.

WASHINGTON, DC-The National Association of Realtors announces its plan to construct its own $45 million headquarters on a parcel of land just blocks away from the Capitol. Upon its projected completion in 2004, NAR will occupy 33,000 sf of the 93,000-sf building, leaving the rest open for lease.

NEW YORK CITY-Financial proxy solicitation company D.F. King commits to an 11-year, 26,000 sf lease at 48 Wall St. The signing brings occupancy at the 34-story office tower to 79%.

WEST HOLLYWOOD, CA-The three-story building is located at 8335 Sunset Blvd. The new owner plans to refurbish the structure. Brokers on the deal say the property drew six offers in excess of the $2.6 million asking price.