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Garfield Investments, Broad Creek Capital Acquire Navy Yard Office Building for $28M
Garfield Investments, led by long-time Washington real estate investor and developer John B. Mason, in partnership with Broad Creek Capital, completed acquisition of 300 M Street SE, a 285,000-square foot, office building.
This eight-story building spans an entire city block and is just two blocks from the Navy Yard Metro Station and directly opposite the Washington Navy Yard and the U.S. Department of Transportation. The property’s sale was brokered by Bradley Allen of Eastdil.
“Our investment reflects our confidence in the long-term demand for office space tailored to U.S. Navy contractors and the defense industry as a whole,” said John B. Mason, Founder and CEO of Garfield Investments.
“The Washington Navy Yard, home to the Chief of Naval Operations (CNO) and NAVSEA command continues to attract major defense firms servicing the U.S. Navy. Garfield Investments and Broad Creek Capital recognized the long-term potential in this asset,” said Greg Tomasso at Avison Young, who will be oversee leasing efforts.
