WASHINGTON, DC-In a deal valued at nearly $110 million, Tishman Speyer Properties/Lehman Brothers Holdings handed over ownership of 1325 G St. to Broadway Partners. The transaction leaves the seller in possession of an enviable profit, having acquired the 306,500-sf office facility just three years ago for $59 million.

The sole broker on the deal, real estate services firm Cassidy & Pinkard, orchestrated the disposition on behalf of Tishman/Lehman, bringing to the table the distinction of having facilitated the sale of the building for the previous owner in 2001. According to District records the property has a FY 2005 assessed value of $76 million.

Rising up 10 stories among a slew of high-rises in the city’s East End area just two blocks from the White House, 1325 G St. was developed in 1969 and renovated over the decades to maintain its premiere status. In addition to 292,000 sf of office space, the property also features ground-level retail space totaling 9,000 sf, storage area accounting for nearly 6,000 sf and a five-level underground parking facility capable of accommodating up to 440 vehicles.

In addition to its prime location and high-quality ranking, 1325 G St. boasts the added convenience of being leased to maximum capacity by a strong roster of tenants. The FBI is a leading occupant, taking up nearly 15% of the building, while fellow tenants Chicago Tribune Co. Inc. and the US Agency for International Development account for a total of 12%.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



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 © 2024 ALM Global, LLC. All Rights Reserved.