Transactions reported this week included an office in Washington, D.C.
Spain’s Ponte Gadea acquired The Investment Building, a 401,433-square-foot office in Washington, D.C.’s, central business district, for $385.4 million. The seller was a joint venture between J.P. Morgan Asset Management and JBG Smith.
| Buyer |
Seller |
Property name |
Location |
Size |
Price per size |
Price (m) |
| APARTMENT |
|
|
|
|
|
|
| Boardwalk Properties |
Greystar/Pacific Investment Management Co. |
Elan Maison Apartments |
Davie, FL |
392 units |
$303,571.43 |
$119.00 |
| Snell Properties |
Not disclosed |
The James |
Annapolis, MD |
236 units |
$322,033.90 |
$76.00 |
| TruAmerica Multifamily |
Everest Holdings |
Two-property porfolio |
Tempe, AZ |
472 units |
$142,584.75 |
$67.30 |
| Waterton |
Kennedy Wilson |
Bay Village |
Vallejo, CA |
260 units |
$248,076.92 |
$64.50 |
| INDUSTRIAL |
|
|
|
|
|
|
| RAR2 3520 Pacific Avenue |
Safeway |
Safeway Distribution Center |
Auburn, WA |
524,636 sf |
$275.43 |
$144.50 |
| OFFICE |
|
|
|
|
|
|
| Ponte Gadea |
JBG SMITH Properties/J.P Morgan Asset Management |
The Investment Building |
Washington, DC |
401,433 sf |
$959.06 |
$385.00 |
| AVR Realty Co. |
TM Miami FL Landlord |
Telemundo HQ |
Miami, FL |
476,000 sf |
$502.31 |
$239.10 |
| Hines |
Ivanhoe Cambridge/State of Wisconsin Investment Board |
U.S. Bank Tower |
Denver, CO |
435,672 sf |
$439.55 |
$191.50 |
| The Related Cos. |
The Souferian Group |
1800 N. Highland Ave. |
Hollywood, CA |
92,000 sf |
$782.61 |
$72.00 |
| Not disclosed |
JLL |
Papago Spectrum |
Tempe, AZ |
159,261 sf |
$213.49 |
$34.00 |
