In a statement, William Stern said," 2001 is a fully leased, trophy quality property, excellently located in Washington's Golden Triangle. These factors, combined with Washington, DC's strong office market, make it a superior investment property." Stern is a managing director with Sonnenblick-Goldman, which also handled the $69 million construction financing of the building in 1998.
The property is named after Rogers, a former secretary of state and a partner with Clifford, Chance Rogers & Wells LLP. The law firm will occupy over 100,000 sf in the building, which has 186 parking spaces.
This deal comes on the heals of the news that the Federal Reserve would acquire a building it leases for $67 million, or about $386 a sf from New Jersey-based Mack-Cali Realty. The word on the street is that the Investment Building will be sold for well over $400 a sf.
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