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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.
- ◦Development
