Skanska has divested the office building 99M in Washington, D.C., for $163 million to an affiliate of Polinger Development Co.
99M is an 11-story, 21,700-square-meter (234,000-square-foot), LEED gold certified office building in Washington, D.C. It is 87 percent leased. Office tenants include Common Grounds, Pyxera Global and Give Campus. In addition to ground-floor retail the building offers outstanding amenities, including a rooftop.
Construction began in the third quarter 2015 and was completed in the second quarter 2018.
Skanska’s other real estate developments in the greater Washington area include the office building 2112 Penn; the luxury apartment building RESA; the office building 1776 Wilson Blvd. and the office building 733 10th, as well as G. Skanska’s recent land acquisitions, including a site at Scott's Run to develop multifamily project in Tysons, Va., and 1700 M, a mixed-use development.
