First Potomac Realty Trust has acquired the 125,119 square foot office building at 1211 Connecticut Avenue, NW in Washington, DC from Harbor Group International for $49.5 million. According to Holliday Fenoglio Fowler, which represented the seller, the purchase of the property was clear of debt. "1211 Connecticut Avenue NW is a core office building in a Class-A location along Connecticut Avenue, one of Washington, D.C.'s grand office, hotel and retail boulevards," said HFF senior managing director Jim Meisel in a National Real Estate Investor article.
The office building, known as Longfellow Plaza, is located is the bustling Central Business District of Washington and along the main thoroughfare of Connecticut Avenue. The neighborhood features a tremendous amount of retailers, restaurants, and hotels. Longfellow Plaza stands 8 stories tall with renovations to the elevators, restrooms, and common areas completed in 2008. Tenants include International Resources Group, TSI Conn Ave LLC and Washington Sports Clubs.
For more news and information visit Blumberg Capital Partners.
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