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Skanska has acquired a site near Washington, DC's Capital Riverfront for $30 million.

Skanska Pays $30M for Developable Land near Capital Riverfront

Skanska has acquired about 3,000 square meters (approx. 0.74 acres) of land in Washington, DC for $30 million. The seller is Brandywine Realty Trust.

The site at 25 M Street Southeast, is located south of the United States Capitol and within close proximity to notable retail, dining and entertainment establishments such as Nationals Park.

This acquisition marks Skanska’s tenth commercial venture in the DC metro area, and one of the few remaining opportunities for a core development site near the Capital Riverfront.

Since 2009, Skanska USA Commercial Development has invested more than $3 billion in commercial and multi-family projects, creating more than 1 million square meters (approx. 247,000 acres) of sustainable and community focused developments in select US markets.


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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development