Collins Ege and John Kevill of Jones Lang LaSalle assisted the seller. Currently assessed at a value of $46.3 million, the property last changed hands three years ago in a $42.9-million transaction.
Located just a few blocks from George Washington University Hospital, 2021 K St. is fully leased, predominantly to tenants in the medical field. Occupants include Washington Radiology Associates, the Alliance for Aging Research and university-related offices. The eight-story building was originally developed in 1971 and underwent a renovation in 1992. Additionally, the property features a small ground-level retail element and a parking facility for about 250 vehicles. Jones Lang LaSalle had been marketing office space scheduled to become available next year for $42 per sf.
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