D.C. Office Building Commands $180M
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733 10th St., Washington, D.C.
Washington, D.C.—A joint venture between Investcorp andScanlanKemperBard has acquired 733 10th St., a 170,813-square-foot luxury office building located in the heart of Washington, D.C.’s East End office submarket, from Jamestown LP for approximately $180 million.
“We are the most active, private Gulf-based investor in U.S. real estate, and Washington, D.C. is consistently ranked near the top of the list of the most desirable markets for global real estate investors,” Brian Kelley, Investcorp principal of real estate investment, told Commercial Property Executive. “This particular property suits a new initiative around high quality, core properties which offer stable cash yield in combination with long-term hold potential.”…
