Designed by architecture firm Pei Cobb Freed and Partners, the building houses Holland & Knight, the investment bank Perseus, and Danaher, among other investment-grade tenants. The acquisition has brought the value of Vico Capital's property assets to more than $2 billion. It also fits in with its investment criteria of high-quality buildings in prime locations with credit-worthy tenants, Brian O'Donnell says. "We hope that this will be the first of several trophy asset purchases in Washington, DC and elsewhere in the US this year as we continue to expand Vico Capital's world-class portfolio outside of our home markets," he says in a prepared statement.
Other recent acquisitions by Vico Capital include Fatburen, the 750,000-sf class A office building in Stockholm occupied by the Swedish government; Sanctuary Buildings, the largest office building in Westminster, London occupied by the British Government; and 17 Columbus Courtyard and 15 Westferry Circus, Canary Wharf, London, occupied by Credit Suisse and Morgan Stanley respectively.
 O'Donnell |
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
