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287,800-SF Trophy Office Tower Trades for $117M

GAITHERSBURG, MD-Two Washingtonian Center finds a new owner in a $117-million transaction. This marks its second change in ownership in about one year. The 287,800-sf office property, which includes a 1,100-vehicle parking facility, features Marriott International as its lead tenant.

By Barbra Murray | Updated on January 09, 2006

GAITHERSBURG, MD-Having come under new ownership just one year ago, Two Washingtonian Center has traded again. CHI Two Washingtonian LLC acquired the site from Munich-based GLL Real Estate Partners GmbH. The 287,800-sf office property, which also features a 1,100-sf garage facility, sold for approximately $117 million.

Bill Prutting Jr. and John Norjen of CB Richard Ellis’ Washington, DC office and Pat Gunne in the firm’s Dublin office orchestrated the sale on behalf of GLL, which acquired the building in mid-December 2005 for $82.5 million on behalf one of its European co-mingled funds. As of this July, the property will have an assessed value of $43.2 million.

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