HFF closes $109m sale of downtown Washington, DC office building
WASHINGTON, DC – HFF closed the $109 million sale of 2025 M St. NW, a 195,624 s/f office building in downtown Washington, DC’s Golden Triangle area.
HFF marketed the property on behalf of the seller, a partnership between The Oliver Carr Company and Clark Enterprises, Inc. Mikeone EK purchased the asset.
The eight-story 2025 M St. NW is situated between 20th and 21st Streets NW within downtown Washington, DC’s Golden Triangle, an area that encompasses 43 blocks and houses 3,000 businesses, more than 500 retail shops and restaurants and seven luxury hotels. The building is proximate to four metro stations: Farragut North and West, Dupont Circle and Foggy Bottom. The building features 173,229 s/f of office, 16,886 s/f of retail and 5,509 s/f of storage space in addition to a 4,500 s/f roof terrace and three levels of below-grade parking containing 242 spaces. Tenants of the 100% leased building include Kaplan, Radio Free Asia, and Smith Bucklin.
The HFF investment sales team was led by senior managing directors James Meisel, Dek Potts and Andrew Weir, executive managing director Stephen Conley, associate director Matthew Nicholson and senior real estate analyst Jessica Diorio.