The sales price equates to about $339 per sf, a new record for a Downtown office building. It is approximately 16.5% higher than the $291 per sf that California-based KBS Realty Advisors paid to Continuum Partners last year for the 206,000-sf 16 Market Square.

Government Properties, a real estate investment trust that invests in single-tenant, government buildings, expects to close on the transaction when it is occupied by the EPA in late December. The General Services Administration, on behalf of the Environmental Protection Agency, has executed a 10-year lease on the building.

EPA execs say it will be one of the most energy-efficient buildings in the metro area when it opens. Approximately 16,000 sf of the building will be available for street-level retail space, and the project includes 225 on-site underground parking stalls and 122 off-site surface stalls.

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