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Tishman Speyer Sells Partial Stake in CBD Office Development

WASHINGTON, DC--The new 364,000-square foot building will feature a unique floor-to-ceiling curved glass curtain wall with no vertical mullions giving the effect, as viewed from the outside, similar to a kaleidoscope.

Tishman Speyer's rendering of 2050 M St. Tishman Speyer’s rendering of 2050 M St.

WASHINGTON, DC–Tishman Speyer has sold a 75% or so stake in an office development it began developing on spec at 2050 M St., NW last year, according to public records.

The stake sold for about $57.5 million. A spokesperson for Tishman Speyer declined to comment. It is unclear who the buyer is but a source tells GlobeSt.com that it was an institutional investor.

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Erika Morphy

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.

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