Owned by Gould Properties, the building is fully occupied by theDepartment of Justice. Cassidy & Pinkard Colliers' websiteindicates that the building is indeed under contract. According tothe site, the asset is leased to the Department of Justice "atbelow market rents with the opportunity to renew without afixed-rate renewal option in place." Cassidy declined tocomment.

The other trade said to have closed is 1780 Massachusetts Ave.Owned by a Planned Parenthood Federation, word on the street isthat the 19,410-sf building sold for $13 million, the source says.The building last traded in 1999 at $3.2 million.

There have been other trades as well: Dweck Properties recentlysecured $53 million in financing for 1900 M St. NW, a 111,531-sfoffice building in the CBD. HFF senior managing director BobDonhauser and director Cary Abod placed a five-year, fixed-rateloan with Anglo Irish Bank. Loan proceeds are being used to acquirethe property. Built in 1976 and renovated in 2000, 1900 M St. is aneight-story mixed use property that is fully leased to tenants thatinclude Grant Thornton, the American Society of Hematology andLevick Strategic Communications.

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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.