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Tishman Speyer Sells Downtown D.C. Office Building for $140M
New York-based real estate giant Tishman Speyer has sold 2000 K Street NW, a downtown D.C. office property, to Spear Street Capital for $140.2 million.
Tishman Speyer sold the building located two blocks east of Washington Circle that it spent millions renovating just before the pandemic, according to the Washington Business Journal. Spear Street secured a $103 million acquisition loan from Germany-based DekaBank for the deal.
Tishman acquired the property in 2013 for $89 million and then launched a renovation that included a new glass facade, four-story expansion and rooftop terrace designed by MdeAS Architects, Gensler and civil engineer Wiles Mensch. “We are pleased to have completed the sale of 2000 K Street to Spear Street Capital and are proud of what we achieved at the asset,” a Tishman Speyer spokesperson said, per the Journal.
Photo: Davis Construction
