Eric Berkman, Steve Gichner, Brian MacDonald, Juliana Ko andAshley Blum, of Grubb & Ellis Co., represented the seller.

Originally built as part of the British Embassy, with afirst-class finish, the eight-story, 45,422-sf boutique structureis 94% occupied. Its address, 1146 19th St., places it in the heartof the CBD's Golden Triangle Business Improvement District, an areawhere law firms, financial services firms, associations and bankstend to locate.

Berkman, who is senior vice president at Grubb & Ellis,tells GlobeSt.com that buildings in this size range have become ahot commodity for both buyers and sellers. "A lot of smallerbuildings in the District, especially the CBD, are getting torndown and renovated. That means smaller firms that wish to be in abuilding that can offer it its own floor-plate are finding theiroptions increasingly limited." This trend will only worsen, headds. "There is an estimated 3.3 million sf of class B space in theDistrict that will either be demolished or redeveloped,"

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.