HFF closes $141.8 million sale of 1025 Thomas Jefferson Street in Georgetown
WASHINGTON, D.C. – October 31, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $141.8 million sale of 1025 Thomas Jefferson Street, an eight-story, 317,248-square-foot, Class A office building in the Georgetown submarket of Washington, D.C.
HFF marketed the property on behalf of the seller, The JBG Companies, and procured the buyer, Alduwaliya Asset Management, a United Kingdom-based private investment vehicle representing a Qatari high net worth family.
1025 Thomas Jefferson Street fronts K Street between 30th and Thomas Jefferson Streets and sits directly across from the Georgetown Waterfront Park and Washington Harbour. The property’s central Georgetown location is only two blocks south of M Street, Georgetown’s renowned retail, dining and entertainment corridor. Anchored by data analytics firm Palantir Technologies, the building is 96 percent leased to 22 tenants, including the American Institutes for Research, Carlton Fields, Education Development Center and Combined Properties. Built in 1984 with classic Georgetown architecture, the brick façade building features two multi-level courtyards with fountains, a fitness facility, deli, 268 below-grade parking spaces and a Metrorail shuttle. The upper floors offer extensive window lines and panoramic views of the Washington Monument, Kennedy Center, historic Georgetown and Potomac River.
The HFF investment sales team representing the seller was led by Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matt Nicholson.
About The JBG Companies
Headquartered in Chevy Chase, Maryland, The JBG Companies is a private real estate investment firm that develops, owns and manages office, residential, hotel and retail properties. The company has more than $10 billion in assets under management and development in the Washington, D.C. area. Since 1960, JBG has been active in the areas where it invests, striving to positively impact local communities. For more information, please visit JBG.com or find them on Twitter @TheJBGCompanies and Facebook facebook.com/TheJBGCompanies.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.