Unizo buys Blackboard’s HQ in D.C.
Japan-based Unizo Holdings Co. has plans to acquire a 270,434-square-foot office building at 1111 19th St. NW in Washington, D.C., for $203 million.
The seller was not disclosed in the official press release; however, media outlets are listing Clarion Partners as the seller, which acquired the asset in 2008 for $115 million.
The office spans up 12 stories and is located on a 0.6-acre site at the corner of L Street and 19th Street The property was extensively renovated in 2014. Tenants include Blackboard, which occupies 71,000 square feet, as well as The Washington Institute for Near East Policy, Results for Development Institute and Ogilvy Public Relations Worldwide. The building also includes street-level retail space.
The deal marks the ninth building Unizo has acquired since entering the Washington, D.C., market in March 2016. Other assets acquired in the city by Unizo include the Longfellow Building, CNN Building, 1100 1st St. NE, The Executive Building, Cap