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WASHINGTON, DC-Dave Schaeffer of Atlanta-based Advantis Real Estate Services Co., the real estate arm of the St. Joe Co., has purchased 1413 K St., NW Downtown here. The company paid $2.8 million or $92 per sf.

James A. Meisel and Stephen Potts Jr. exclusively represented the seller, 1413 K St. Associates. Meisel and Potts were the sole brokers in the transaction.

The building was completed in 1954. It contains 30,714 sf of office space and is 86% occupied.

Advantis leases and manages more than 22 million sf of commercial facilities and produces annual transactions in excess of $1.1 billion. It has offices here, its headquarters are in Atlanta, and there are offices in Tysons Corner, Hampton Roads and Richmond, VA. It also has offices in Greensboro, Raleigh and Durham, NC, as well as Orlando, Tampa, Ft. Lauderdale, Panama City and Tallahassee, FL.

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