Thank you for sharing!

Your article was successfully shared with the contacts you provided.

madison officeWASHINGTON, DC–The Madison Office Building, a 98,000-square foot property at 1155 15th St., NW, connected to the famous hotel, has traded to a Saudi investor for $34.9 million, a source tells GlobeSt.com. The seller is Atlanta-based Jamestown Properties, which acquired the office building in 2011 as part of its larger $123 million acquisition of the Madison Hotel.

More than a year later, Jamestown sold the hotel portion to Loews Hotels & Resorts,  after spending about $25 million on its renovation, a project on which First Finish, Design 5280 and Studios Architecture worked.*

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.