Friday, March 2, 2012

HFF closes $147.5 million sale of 801 9th Street, NW in Washington, DC


WASHINGTON, D.C. – HFF announced today that it has closed the sale of 801 9th Street, NW (top left photo), a 236,054 square-foot, Class A office building in Washington, D.C. on behalf of the seller, Wereldhave USA.

The purchaser, NSP Ventures, acquired the property for $147.5 million and was represented by J Street Companies.

801 9th Street NW is fully leased on a triple net basis to the United States Mint through September 2019. 

 The eight-story property features Level III security and a two-level, 190-space underground parking garage.  Situated across from the CityCenterDC project that broke ground in April 2011, the property is close to the Gallery Place Metro Station, the Verizon Center and the New Convention Center in downtown Washington, D.C.

The HFF investment sales team representing the seller was led by executive managing director Stephen Conley (lower right photo), and by senior managing directors Jim Meisel, Dek Potts, and Andrew Weir.

Contacts:

STEPHEN C. CONLEY                      JAMES A. MEISEL                                
HFF Executive Managing Director     HFF Senior Managing Director      
(202) 533-2500                                   (202) 533-2500                                   
sconley@hfflp.com                             jmeisel@hfflp.com                              

STEPHEN “DEK” POTTS        
HFF Senior Managing Director         
(202) 533-2500                   
dpotts@hfflp.com                

ANDREW M. WEIR                            KRISTEN M. MURPHY
HFF Senior Managing Director          HFF Associate Director, Marketing
(202) 533-2500                                   713) 852-3500                                   
aweir@hfflp.com                                 krmurphy@hfflp.com                         

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