Georgetown Buildings Bring in $75M

WASHINGTON, DC-In a deal valued at approximately $75 million, Georgetown University has sold its two-building North Campus to Prudential Real Estate Investors’ property funds management business, TMW Property Funds USA. The administrative facilities, known as the Harris and Green buildings, consist of an aggregate 240,500 sf of office space.

Georgetown employees will continue to make their home in the two fully occupied structures under a 15-year lease agreement. Real estate services firm Spaulding & Slye Colliers represented the seller in the transaction, while TMW represented itself and relied on the advisory services of law firm Goodwin Proctor LLP.

The Harris and Green buildings, located at 3300 Whitehaven St. and 2001 Wisconsin Ave., respectively, occupy a total of 6.3 acres in the District’s tony Georgetown neighborhood. Developed in the years between 1960 and 1975, the structures both underwent a massive upgrade in 1987.