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Unizo Closes on Two DC Office Buildings for $328M

WASHINGTON, DC-1100 First St., NE is trading for $217.5 million and 50 F St., NW for $109.5 million.

By Erika Morphy | erikamorphy | | Updated on August 09, 2016
1100 First St., NE. Photo by Rockefeller Group. 1100 First St., NE. Photo by Rockefeller Group.
WASHINGTON, DC-Tokyo investor Unizo Holdings Co. has acquired two District offices: Capitol Place III , which is located at 50 F St NW ; and 1100 First St., SE . Last month GlobeSt.com reported that a source told us that these two separate transactions were pending. Last week Unizo announced [ PDF ] it has closed on 1100 First St., NE, for $217.5 million. The CBD office, which totals 348,958 square feet, was sold by a JV between Rockefeller Group and Mitsubishi Real Estate . Unizo has also closed on Normandy RE Partners’ Capital Place III for $109.5 million. Earlier this year Unizo acquired the Longfellow Building , at 1201 Connecticut Ave., NW, for $95 million. Prior to these DC area investments, the company’s US investments had been limited to New York City In 2013, it bought an office building at 440 Ninth Ave. for $211.5 million. Then, last year it acquired four more offices in New York: 370 Lexington Ave. for $247 million; 24 West 25th St. for $103 million; 40 West 25th St. for $106.23 million; and 321 West 44th St. for $165 million.  

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