Swiss Pension Fund Acquires Chinatown's Arch for $104M

WASHINGTON, DC—AFIAA is an investment foundation with a focus on international commercial properties.

By Erika Morphy | Updated on March 03, 2015

WASHINGTON, DC—What was that about DC losing its appeal to foreign investors? Following on the heels of news that a Brazilian-based fund was acquiring 2025 M St., NW, comes a report that AFIAA, the investment foundation of 35 Swiss pension funds, has acquired the iconic arch property in Chinatown, or “Arch Square.” The fund paid $104 million.

The office-and-retail property was built before World War II and extensively refurbished in 2012. It is fully leased to a tenant base with staggered leases.

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