DEKA Immobilien Investment GmbH, a German real estate asset manager, announced that it had sold The Westory for $159.36 million to New York Life Insurance Co. According to a CoStar report, Savills LLC advised the open-ended property fund managed by Deka Immobilien of Germany in the sale.
The 12-floor, 270,158 square foot property is managed and leased by Cassidy Turley. The Westory became DC’s first multi-tenant office building to receive LEED® for Existing Buildings in May of this year. On the corner of 14th and F Streets, The Westory was built in 1990 and designed by Shalom Baranes Associates.
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