X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-On behalf of an institutional client, Invesco Real Estate has purchased The Presidential Building, a trophy office building located at 1111 Pennsylvania Ave. NW from 1111 Pennsylvania Holdings LLC for a total amount of $220 million or about $665 per square foot.

The 14-story office tower leased to Morgan, Lewis & Bockius LLP measures 331,000 square feet. The property is situated next to the Evening Star Building. The transaction was handled by Eastdil Secured LLC. For the full story, go to Washington Business Journal.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

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.