Thursday, September 6, 2012

HFF closes $121.4 million leasehold sale of Carroll Square in Washington, D.C.


 WASHINGTON, D.C. – HFF announced it has closed the leasehold sale of Carroll Square (top left photo), a 178,000-square-foot, Class A office property in the East End submarket of Washington, D.C.
 HFF marketed the property exclusively on behalf of the seller, Seaton Benkowski & Partners.  GLL Partners purchased Carroll Square for $121.4 million and assumed an existing loan on the property.

Carroll Square is a 10-story building comprised of both new construction and seven late 19th century commercial townhomes. 

Its unique features include a small public art gallery, three rooftop terraces and a “pocket park” located between the office building and St. Patrick’s Catholic Church to the north.

The property is encumbered by a ground lease with the Archdiocese of Washington, D.C. through 2102 and is fully leased to tenants including the law firms of Seyfarth Shaw, Holland & Hart, and Fitzpatrick, Cella, Harper & Scinto.  Retail tenants include Le Pain Quotidien, Leica Camera and Coco Sala. 

Located at 975 F Street, NW, Carroll Square is close to Gallery Place, the Verizon Center and the New Convention Center, and is within walking distance of five different Metro lines.

The HFF team representing the seller was led by executive managing director Stephen Conley (middle right photo) and senior managing directors Jim Meisel (lower left photo), Dek Potts and Andrew Weir.  Additional support was provided by real estate analysts Matt Nicholson and Jessica Dickinson.

For a complete copy of the company’s news release, please contact:.

HFF Associate Director, Marketing
(713) 852-3500                                   

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