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Marx Realty Acquires 110K-SF DC Office Building for $27M
Marx Realty has acquired the office building located at 2121 Wisconsin Avenue NW in Washington, DC for a reported $27 million. According to public records, the property’s most recent owner was JBG Smith.
The 110,000-square-foot building was built in 1960 and renovated in 2000 with the addition of a new lobby as well as elevator modernization, cab renovation and a roof rehabilitation.
Marx Realty was attracted by the building’s tenancy, including two TV broadcasting stations as this sector is particularly attractive to today’s owner/operators, noted the company.
“We firmly believe in the strength of the DC office market, and this is a solid asset for our portfolio given the building’s terrific ceiling heights and column spacing,” said Craig Deitelzweig, president and CEO of Marx Realty. “Throughout the District, and really across the country, we’re seeing a flight to quality that supports tenant confidence in a return to in-person work in some form, and we’re looking to expand our DC portfolio.”
- ◦Sale/Acquisition
