WASHINGTON, DC–DSC Partners LLC, a real estate investment company formed by Douglas Donatelli and Nicholas Smith, the former CEO and CIO of First Potomac Realty Trust last year, has partnered with Wafra to acquire 1250 Eye St., NW on behalf of an institutional investor. The 12-story, 178,000-square foot building traded for $100 million.
The seller was RREEF Funds acting on behalf of IPERS, according to Real Capital Analytics.
Built in 1982, the building was renovated in 2007 and sits on Franklin Square, which will undergo a $14 million renovation next year.
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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.
