WASHINGTON, DC-The leasehold on an East End building, Carroll Square, has traded for $121.4 million. The 178,000-square-foot, class A building, located at 975 F St., NW, is being acquired by GLL Partners from Seaton Benkowski & Partners. GLL Partners is assuming an existing loan on the 10-story property. HFF’s Stephen Conley, Jim Meisel, Dek Potts and Andrew Weir represented the seller in the transaction.

Carroll Square is comprised of both new construction and seven late-19th century commercial townhomes. It houses a small public art gallery, three rooftop terraces and a small park between the office building and St. Patrick’s Catholic Church. The property is encumbered by a ground lease with the Archdiocese of Washington, D.C. through 2102. It is fully leased to tenants including the law firms of Seyfarth Shaw, Holland & Hart, and Fitzpatrick, Cella, Harper & Scinto and retail tenants Le Pain Quotidien, Leica Camera and Coco Sala.

At $121.4 million, the building’s trade shows that prices are not softening here even though sales volume has fallen year-over-year, Jones Lang LaSalle research director Scott Homa tells GlobeSt,com. “Pricing for core, class A buildings averaged $645 per square foot during the first half of 2012, and cap rates remained well under 6% for long-term stabilized assets.”