WASHINGTON, DC—1620 L St., NW, a 164,079-squarefoot office, is trading for $65.2 million, or$397 per square foot, a source tells GlobeSt.com.Bisnow also reported the news yesterday, albeit with slightlydifferent pricing.
John Buck Co. sold the 12-story building, whichis currently 77% occupied, to LaSalle InvestmentManagement. Eastdil Secured brokered thetransaction.
Tenants include Greenstein Delorme Luchs, Corner Alliance andthe Personal Care Products Council. The last time the buildingtraded was in September 2008 for $61 million.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
