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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%.

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