Capitol Plaza I Trades for $95M

WASHINGTON, DC-A 12-story, 291,838-sf office building in the North of Massachusetts (NoMa) submarket has traded for $94.5 million. Located at 1200 First St., the building was purchased by Apollo Real Estate Advisors Value Enhancement Fund VI from a partnership that included Stephen A. Goldberg. Bill Collins, Paul Collins, Drew Flood and Jud Ryan of Cassidy & Pinkard Colliers represented the seller.

Capitol Plaza I delivered in November. Designed by Shalom Baranes Associates, it is located on the corner of M and First streets and across the street from the New York Avenue Metro Station. A major selling point of the property is its location in the latest area in the District to undergo redevelopment. NoMA was recently approved as a new Business Improvement District by the District of Columbia Council, as reported by GlobeSt.com.