South Korean Firm Rumored to Buy 1801 K Street

WASHINGTON, DC—The building is said to be trading for $440 million.

By Erika Morphy | Updated on July 15, 2014

WASHINGTON, DC—South Korean companies have been active in the DC market lately and despite a recent report in the Washington Post that foreign investors appear to be scaling back their presence here, rumor has it that one such company is about to score a major asset in the city.

1801 K St. is said to be eyed for purchase by South Korean firm Mirae Asset Financial Group. This was reported in Real Estate Alert last week and a source has independently confirmed the rumor to GlobeSt.com. The discussed price for the 563, 795-square foot building, owned by Somerset Partners, is said to be $440 million or $780 per square foot. JLL, which represents Somerset and occupies space in the building, has declined to comment to GlobeSt.com.

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