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Infamous Watergate Office Building Sells for $90M

WASHINGTON, DC-The Watergate Office Building at 2600 Virgina Ave. NW is now under contract for approximately $90 million. Built in 1968 the 11-story property--site of the Watergate break-in--underwent renovations in 1994 and 2000. The seller had acquired the building in 1998 for $50 million.

By Barbra Murray | Updated on October 02, 2005

WASHINGTON, DC-The 198,000-sf Watergate Office Building–the storied structure at 2600 Virginia Ave. NW where the break-in that ultimately resulted in President Richard M. Nixon’s resignation took place–has come under contract for $90 million. Los Angeles-based BentleyForbes acquired the sit from Trizec, which had picked it up seven years ago for about $50 million.

The building and the over one-half-acre parcel it occupies along the Potomac River near the Kennedy Center for the Performing Arts, have a current assessed near the value of $44.1 million. Cassidy & Pinkard reportedly secured the seller for Trizec.

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