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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.
- ◦Sale/Acquisition