WASHINGTON, DC—Carr Properties scored a twoferwith its simultaneous announcement that it sold an office buildingand picked another one up in two separate transactions.
The property it sold was Georgetown Plaza at2233 Wisconsin Ave., NW, to JOSS RealtyPartners for $26.8 million. The150,097-square foot, five-story office building is subject to along-term ground lease. Cushman & Wakefield's EricBerkman and Steve Gichner representedCarr in the transaction.
Carr also acquired 2001 Pennsylvania Ave., NW,aka, the James Monroe Building, for $107.7million. In March GlobeSt.com reported a rumor that the building'sowner, Property Group Partners, which put thebuilding on the market last October, had found a buyer for thedeal. The building lasttraded in 2007 for $111.5 million. Tenants in thefully-occupied CBD building include Peace Corps, Levin BlaszakBlock, Madison Marquette, Heidrick & Struggles and SpectrumScience.
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