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Metro D.C. Office Portfolio Trades for $107M

JLL has arranged the $106.5 million sale of two Washington, D.C. area office assets. The sales consisted of Monument II, a 200,000-square-foot office building in Herndon, VA. and 1227 25th Street NW, a 136,540-square-foot office asset in Washington, D.C.

Monument II is located at 12950 Worldgate Drive along the Dulles Toll Road. Completed in 2000, the property consists of an eight-story office building with a five-level parking facility. Located at the confluence of Georgetown and Washington, D.C.’s central business district, 1227 25th Street NW is surrounded by premier hotels, upscale restaurants and popular fitness studios.

Stephen Conley, Matt Nicholson, Jim Meisel, Andrew Weir and Dave Baker of JLL represented the seller, WashREIT, in both transactions. An affiliate of Westbrook Partners acquired Monument II while the buyer of 1227 25th Street NW was undisclosed.

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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