Makoto Okuyama, president of Sumitomo, says this deal representsthe firm's last property in the US and fulfills the company's goalto become a full-service brokerage company. Greenwich CapitalFinancial Products, Inc. funded the sale.
The building, which was renovated in 1992, is located on thesouth side of Washington's K Street office corridor between 17thand 18th Streets. About two-thirds of the 142,904 sf of officespace is leased to the law firm of Wiley, Rein & Fielding,which also occupies a significant portion of the contiguousbuilding at 1776 K St. The two structures are inter-connected onthree floors.
The office building features 9,807 sf of retail space at groundlevel, plus a three-story, below-grade garage covering 43,961 sfand accommodating 150 to 200 cars.
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