WASHINGTON, DC–Japanese investor Unizo is acquiring the Capital View office building from Clark Enterprises for $148 million, according to an announcement the company made. This transaction follows a series of acquisition the Japanese investor has made in the Washington DC area this year.
Capital View is a 234,000-square foot, 12-story office building located at 425 3rd St., SW., with some street-level retail as well. It delivered in 2007.
Unizo's purchases in the area include:
The Executive Building, a 332,022-square foot Downtown office building purchased for $228 million;
Union Center Plaza II, a 298,533-square foot office building at 820 1st St., NE, sold for $140.5 million;
1100 First St., NE, for $217.5 million;
Capitol Place III at 50 F St NW, for $110 million;
The Longfellow Building, at 1201 Connecticut Ave., NW, for $95 million.
By mid-year it was clear, to Avison Young at least , that Unizo had become the leading foreign investor in Washington DC at that particular point, according to its Fall 2016 North America, U.K. and Germany Commercial Real Estate Investment Review.
WASHINGTON, DC–Japanese investor Unizo is acquiring the Capital View office building from Clark Enterprises for $148 million, according to an announcement the company made. This transaction follows a series of acquisition the Japanese investor has made in the Washington DC area this year.
Capital View is a 234,000-square foot, 12-story office building located at 425 3rd St., SW., with some street-level retail as well. It delivered in 2007.
Unizo's purchases in the area include:
The Executive Building, a 332,022-square foot Downtown office building purchased for $228 million;
Union Center Plaza II, a 298,533-square foot office building at 820 1st St., NE, sold for $140.5 million;
1100 First St., NE, for $217.5 million;
Capitol Place III at 50 F St NW, for $110 million;
The Longfellow Building, at 1201 Connecticut Ave., NW, for $95 million.
By mid-year it was clear, to Avison Young at least , that Unizo had become the leading foreign investor in Washington DC at that particular point, according to its Fall 2016 North America, U.K. and Germany Commercial Real Estate Investment Review.
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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.
