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WASHINGTON, DC-A sale that has been much discussed and closely watched, 1899 Pennsylvania Ave. has traded hands. Paramount Group in New York is the buyer. Although a spokeswoman for Paramount told GlobeSt.com that she couldn’t confirm the price, a source tells GlobeSt.com that the contract has closed on the 186,462-square-foot building at $812 per square foot, or $151.1 million.

Paramount has been cited in numerous news accounts as the lead contender for the building ever since Frankfurt-based KanAm Grund Kapitalanlagegesellschaft put the trophy property on the market this summer. GlobeSt.com had also reported that an overseas buyer was closing in on the property. Designed by Leo A. Daly, the 11-story building is fully leased.

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