The facility was sold as part of a five-property package thatfetched a total of nearly $1.5 billion. For additional information,go to TIAA-CREFCloses on IDX Tower, 4 Others from Hines, CalPERS.

District records list 1001 Pennsylvania Ave.'s proposed 2005assessed value at $191.4 million; however, the thriving DC officemarket, the property's highly desirable location between the WhiteHouse and the US Capitol and its stellar tenancy--1001 Pennsylvaniais 99% occupied, with leading law firm Crowell & Moring LLPleasing 336,000 sf or 42% of the building through April2015--undoubtedly contributed to the sale price.

Occupying an entire two-acre city block, 1001 Pennsylvania Ave.is surrounded by such prominent District structures as the FBIHeadquarters, the Old Post Office Pavilion and the Ronald ReaganBuilding. The 14-story tower with the limestone facade was designedby the architectural firm of Hartman Cox and reached completion in1987.