"The New York Metro area is where we've had the most success so far in buying assets, but we've assigned DC our very next priority for all the obvious reasons," Broadway founder and CEO Scott J. Lawlor tells GlobeSt.com. "It's by far the standout leasing market for the office sector relative to what's been going on everywhere else for the last two years, and it's a very large market so that gives us more hope for the future as far as being able to invest."

A prime example of the company's intentions is Broadway's recent acquisition of the nearly 540,000-sf trophy office complex known as Washington Harbour. Broadway paid $185 million for the office and retail property that sits along the Potomac River. The sky is pretty much the price tag limit for the company. "We take a look at properties as they present themselves," Lawlor explains. "The reason is, if you just say it's X-amount of dollars I want to put into DC, it can impact your thinking. Our view is we're going to see every deal there because we see every deal in all the markets we're in and we'll evaluate them case by case."

Well, not every deal. Owners of tiny office buildings need not apply to Broadway's head of acquisitions Steve Klein while he's in town on one of his weekly scouting ventures. "We find that bigger is better," Lawlor says. "More often than not, it means you're buying a higher-quality asset, both physically and from a tenancy perspective. And it's just a more efficient way to deploy capital, because you have to do all the same things to do a $30-million deal as you do with a $200-million deal. The problem with DC is that there aren't as many deals of that size. But I would say as small as $40 million or so is the low end."