HFF closes $79 million sale of The Army and Navy Club Building in Washington, D.C.

Army and Navy Club Building, 17th and Eye Streets NW, Washington, DC

Stephen Conley

WASHINGTON, D.C. – HFF announced it has closed the $79 million sale of The Army and Navy Club Building, a 108,000-square-foot, Class A office property located on the northeast corner of 17th and Eye Streets, NW overlooking Farragut Square in the heart of the Central Business District (“CBD”) of  Washington, D.C.

HFF exclusively represented the seller, Beacon Capital Partners, in the transaction.  Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) purchased the property for $79 million contingent to existing debt. 

The HFF investment sales team representing the seller was led by executive managing director Stephen Conley, senior managing directors Jim Meisel, Dek Potts and Andrew Weir, and associate director Matt Nicholson.

WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region.

Jim Meisel

WRIT owns a diversified portfolio of 53 properties totaling approximately seven million square feet of commercial space and 2,890 residential units, and land held for development. 

These 53 properties consist of 24 office properties, 16 retail centers and 13 multifamily properties.  WRIT shares are publicly traded on the New York Stock Exchange (NYSE: WRE). 

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com