A 20-year-old structure, 1133 20th St. sits about four blocks from George Washington University. According to St. Joe's Second Quarter 2005 Earnings Report, the building was 99% occupied. The transaction will allow the NFL groups to sell and relocate from their current building nearby at 2021 L St. NW, assessed at $9.9 million, according to District real estate records. The eight-story structure at 1133 20th St. and the nearly half-acre parcel it occupies have a combined current assessed value of $29.8 million.
Year-old real estate services firm Summit Commercial Real Estate represented the buyer. Advantis represented the seller.
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