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Washington DC & Mid-Atlantic  + Office  |  January 6, 2020
David Cohen
By: David Cohen

Skanska Sells 11-Story DC Office Tower for $163M

Construction and development company Skanska has divested from 99M, a 234,000-square-foot office tower in Washington, D.C., for $163 million.

The 11-story LEED Gold certified tower is currently 87% leased. Tenants include Common Grounds, Pyxera Global and Give Campus. The property also includes ground-floor retail as well as a rooftop terrace. Construction on the property began in the third quarter of 2015, and was completed in Q2 2018.

An affiliate of Polinger Development Co. acquired the property. The transaction will be recorded by Skanska USA Commercial Development in the fourth quarter 2019. Skanska’s real estate developments in the greater Washington area include the office building 2112 Penn, the luxury apartment building RESA, the office building 1776 Wilson Blvd. and the office building 733 10th and G.

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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