X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.