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Washington DC & Mid-Atlantic  + Office  |  October 2, 2019
David Cohen
By: David Cohen

Office Building Trades for $155M in Washington D.C.

Paramount Group has sold Liberty Place, a 172,000-square-foot office building in the East End submarket of Washington, DC for $154.5 million. The buyer was undisclosed.

Located at 325 7th St. NW, the property is less than a mile from Capitol Hill and is comprised of two incorporated buildings. The first building is the Fireman’s Fund Building built in 1882. The second is a 12-story office tower built in 1991.

Paramount plans to use net proceeds from the sale to fund its share of the previously-announced purchase of Market Center in San Francisco, as well as for general corporate purposes.

For comments, questions or concerns, please contact David Cohen

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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.
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