Washington, DC

There has been a number of trades in the Washington DC area in recent weeks as the year is winding to a close.

For a while the REIT had been selling off its Washington DC-Baltimore area properties.

C&W's Mid-Atlantic Multifamily Group brokered the $38 million sale on behalf of Latitude Real Estate Investors.

One example is the recent acquisition of Worldgate Metro Plaza by Moore & Assoc. and Harbert Management Corp.

Its 81,300-square foot prelease also means that the tenant-friendly market conditions will continue as more trophy office moves into the pipeline.

“Owners of commodity Class A have a tough call to make right now.”

“Outside of the metropolitan Washington, D.C. market area, GOV will continue to focus on acquiring, owning and operating office properties that are majority leased to government tenants.”

The 263,393-square foot building has traded for $203 million.