Edwin M. Clark III and Stephen L. Hoffeditz of McShea & Co. represented Lowe in the transaction with the seller, a group of affiliates of New Boston Fund Inc. The price tag remains an unknown. The structures at 1953 Gallows and 1951 Kidwell have current assessed valued of $38.5 million and $22.7 million, respectively. When 1953 Gallows last hit the market, which was in 2000, New Boston snapped it up for $43.7 million, while the company paid $29.9 million for 1951 Kidwell in 2001.

Developed 22 years ago, 1953 Gallows is an eight-story structure featuring 256,000 sf of class B+ office space. Today the property is 93% occupied. And 1951 Kidwell, also an eight-story class B+ facility, was developed in 1981 with 176,000 sf of space; it is currently 92% leased. "These are solid mid-rise office buildings in a market that continues to show strong improvement in demand for space," says Lowe Enterprises Real Estate Group senior vice president Steve Evans. "The location is desirable with easy access, abundant dining and shopping options and soon it will be connected to the Metro subway system linking it to Washington, DC and beyond."