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Washington DC & Mid-Atlantic  + DC  + Office  | 

JLL Arranges $766M Sale of D.C. Office Portfolio

JLL has brokered the $766 million sale of a 12-property office portfolio totaling 2.3 million square feet in the Washington D.C. metro area.

The portfolio sale consists of six office properties across Northern Virginia and six in Washington, D.C.’s central business district. The specific properties were not disclosed.

Stephen Conley, Matt Nicholson, Jim Meisel, Andrew Weir, Dave Baker and Chris Capece of JLL represented the seller, WashREIT, in the transaction. The acquisition will accelerate WashREIT’s transformation into a multifamily-focused REIT. The buyer was not disclosed.

“We greatly appreciated the opportunity to work with WashREIT on this transformative transaction and taking the lead on reopening the Washington, D.C. marketplace,” said Conley.

Connect

Inside The Story

JLL’s Conley

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition