Two Independence Square. Photo by Piedmont Office REIT
WASHINGTON, DC–By any measure, the Atlanta-based Piedmont Office Realty Trust had a busy quarter for its Washington DC-based holdings. We will get to those transactions in a moment.
The big news, though, is the possibility that the REIT has found a buyer for Two Independence Square, a 605,897-square-foot building at 300 E St. SW, that is leased by NASA until August 2028 following its renewal in 2011.
Cushman & Wakefield began marketing the property earlier this year and a source tells us that it has found a buyer: a JV among several investors including an investment fund in South Korea, Kiwoom Securities and Meritz Securities, both of which are also based in South Korea.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
