The Jefferson Building, a 72,756-square-foot, eight-story office building in Washington, DC, was sold by BlackRock Realty for an undisclosed price to INVESCO Real Estate, according to a crefeed.com article. The property, which transfered hands free and clear of debt, was marketed for the seller by the the DC office of Holliday Fenoglio Fowler.
"This boutique asset has enjoyed an excellent occupancy history due to its prominent corner location with windows on all four sides as well as 9,350-square-foot floor plates, which have attracted small law firms and associations. In addition, The Palm, the building's landmark restaurant, recently expanded and renewed its lease," said Dek Potts. senior managing director at HFF. Located at 1225 19th Street NW, the Jefferson Building is situated within the Golden Triangle Business Improvement District of Washington, D.C. with easy access to Connecticut and Massachusetts Avenues, K Street and Rock Creek Parkway as well as Dupont Circle Metro Station and Farragut North Metrorail Station. The 93% leased property was most recently renovated in 2007 and has parking for 64 cars in a two-level underground parking garage.
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