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WASHINGTON, DC-Earlier this month, Akridge/First Potomac Realty closed on 1200 17th St., NW–a value add deal in that the companies acquired it for $39.65 million with plans to invest roughly $110 million to construct a new 170,000-square-foot building. Meanwhile, the owner, the National Restaurant Association, will lease back its space for six months while it finalizes its relocation to another property.

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