TF Cornerstone has acquired 2121 K St., NW in Washington, DC for $82.4 million according to a GlobeSt.com article. The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) brokered the deal on the 190,458-square-foot, Class A office building sold by ING Clarion Partners. The property was bought free and clear of debt.
The recently renovated 11-story property is 66% leased to tenants including the United Mine Workers of American Pension Trust (UMWA), Economists Incorporated, Intl Research & Exchange, George Washington University and a recently signed retail lease with celebrity chef Bobby Flay's, Bobby's Burger Palace. "Washington, D.C. continues to rank as the top city for commercial real estate investment in the world," said HFF's Jim Meisel. "We had tremendous interest in this core plus investment opportunity as the leasing market in the CBD continues to improve."
For more news and information visit Blumberg Capital Partners.
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