1100 17th St., NWWASHINGTON, DC—Liberty Property Trust has sold 1100 17th Street NW, a 12-story office building for $61.75 million. The 146,979-square-foot property was 65.7% leased at closing. Cushman & Wakefield's Bill Collins and Shaun Weinberg represented Liberty in the transaction.
The REIT acquired the building in December 2011 for $50 million. At the time of the purchase the building had an 82% occupancy rate. The property was developed in 1963 and was renovated in 1998.
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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.
