BlackRock Realty put 11 Dupont Circle in Washington, DC on the market this May and may have already found a buyer for $88.5 million. According to a GlobeSt. report, Cassidy Turley, which had been selected to market the property by BlackRock, has found an unnamed buyer that will acquire the building at a pricepoint well in excess of the $54.5 million Brickman Associates paid for the property in 2005.
BlackRock acquired the 149,000-square foot office building in 2006 for $62.1 million. Built in 1974 and renovated in 2004, the property is currently fully leased but its best known tenant is the street-level retailers Books-A-Million, which serves as one of the anchors of Dupont Circle. The building is central to one DC's most dense and affluent population centers with a daytime population of forty-five thousand within a quarter mile.
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