In a statement, William Stern said," 2001 is a fully leased,trophy quality property, excellently located in Washington's GoldenTriangle. These factors, combined with Washington, DC's strongoffice market, make it a superior investment property." Stern is amanaging director with Sonnenblick-Goldman, which also handled the$69 million construction financing of the building in 1998.
The property is named after Rogers, a former secretary of stateand a partner with Clifford, Chance Rogers & Wells LLP. The lawfirm will occupy over 100,000 sf in the building, which has 186parking spaces.
This deal comes on the heals of the news that the FederalReserve would acquire a building it leases for $67 million, orabout $386 a sf from New Jersey-based Mack-Cali Realty. The word onthe street is that the Investment Building will be sold for wellover $400 a sf.
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