WASHINGTON, DC-Capitol Plaza, a NoMA office building, has traded for $149.5 million, or $512 per square foot. AREA Property Partners and Van Ness Property Group, an affiliate of Polinger Co., is selling the 291,838 square-foot office building to Principal Real Estate Investors, at an in-place cap rate of 6.7%, Cassidy Turley’s Drew Flood tells GlobeSt.com. Flood, along with colleagues Bill Collins, Paul Collins, Jud Ryan and James Cassidy represented the sellers in the transaction. “This is strong pricing for a NoMa office building,” Flood says. “It is similar to the Constitution Square deal and it demonstrates how strong NoMa is as an investor market.”

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