Oct
15
Allianz, Columbia Team Up on $421M DC Purchase
ByHFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
Three months after forming a $1.3 billion joint venture to acquire Class A office properties in several U.S. gateway markets, including Washington, D.C., Columbia Property Trust and Allianz Real Estate have made their first purchase together in the nation’s capital, paying $421 million for 1800 M. St. HFF represented seller PGIM Real Estate, an affiliate of Prudential Financial, and procured the buyer…
