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Japanese investor buys Washington, D.C., office
Transactions - APRIL 28, 2017

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Japanese investor buys Washington, D.C., office

by Andrea Waitrovich

UNIZO Holdings Co. has paid $259 million for 1325 and 1341 G St., two class A office buildings totaling 440,419 square feet in Washington, D.C.’s East End submarket.

The sellers were Westbrook Partners and TIER REIT.

1325 and 1341 G St. are located just two blocks from the White House.

1325 G St., which features 307,705 square feet, was originally built in 1969 and renovated in 2017.  Originally built in 1903, 1341 G St. NW (The Colorado Building) also has been updated and has 132,714 square feet of office and retail space.

During the first quarter of 2017, the District of Columbia’s economy was estimated to have grown by 1.30 percent, and is on track to grow another 0.9 percent by the end of the year, according to Colliers International. This is lower than the projected growth for either Northern Virginia or Suburban Maryland, and it compares with 1.45 percent growth during 2016.

After strong demand growth for office space during the fourth q

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