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Simply put, it is a combination of two separate trends: co-working and the rightsizing of office space, says Savills Studley's Sarah Dreyer.
WASHINGTON, DC--Deals and news from around the region.
Or, a story about untapped capital for smaller deals.
JLL secured $54 million in acquisition financing from Cantor Commercial Real Estate.
The last time the property traded it was in 2007 for $122.7 million.
"As we grow our national presence, Washington DC is one of our top markets," says Daniel Moore, EVP and head of Urban Development.
The Meridian, Rockefeller JV is a straight 50-50 split, Gary Block, chief investment officer of The Meridian Group, tells GlobeSt.com.
This will be Rockefeller Group's first development in the greater DC market.
Goldman Sachs sold the four office buildings to CSG Partners.
The 263,393-square foot building is trading for $203 million.