HFF announces $421M sale of 1800 M Street in Washington, D.C.
WASHINGTON, D.C. – October 11, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $421 million sale of 1800 M Street, a 580,930-square-foot, recently repositioned, Class A office building in Washington, D.C.
The HFF team represented the seller and procured the buyer, a joint venture between Columbia Property Trust and Allianz Real Estate of America, Inc.
1800 M Street is a 10-story office building situated at the corner of 18th and M Streets in Washington, D.C.’s Golden Triangle area. The asset has a Walk Score® of 99 and is less than a five-minute walk from Farragut Square, Dupont Circle, Restaurant Row and Connecticut Avenue. Additionally, it is positioned within a short walk of Washington, D.C’s most popular residential neighborhoods of Logan Circle, Dupont Circle and Georgetown and is within blocks of three Metro stations (Dupont Circle, Farragut North and Farragut West). Recently repositioned and renovated, 1800 M Street is 94 percent leased to 34 tenants and features nine corner offices per floor, versatile dual core floor plates, dual lobbies, a roof top deck and a best-in-class fitness center.
The HFF investment sales team representing the seller included senior managing directors Andrew Weir and Jim Meisel, executive managing director Stephen Conley and director Matt Nicholson.
The marketing effort was further supported by HFF’s national co-head of investment sales Manny de Zárraga and HFF’s Global Capital Team comprised of senior managing directors Dan Cashdan, Riaz Cassum, Coleman Benedict and Gerry Rohm.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.