Tokyo investor pays $228m for D.C. office building
UNIZO Holdings Co. has purchased The Executive Building, a 332,022-square-foot, LEED Gold, class A office building in downtown Washington, D.C., for $228 million. HFF marketed the property on behalf of the seller, Invesco Real Estate.
The property is situated across from Midtown Center, the future Fannie Mae headquarters that is expected to bring more than 3,500 new employees to downtown Washington, D.C., and rival the retail offerings of CityCenterDC. In addition, the property is situated three blocks from the White House and is close to many federal agencies driving the downtown office market.
Completed in 2008, the 12-story Executive Building is 93 percent leased to tenants including The Atlantic Council of the United States and National Quality Forum. The property’s amenities include a tenant-only fitness center, conference facilities, full-service concierge, onsite retail space and a 178-space underground parking facility.
According to a re