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| Washington Washington Harbour, Washington, DC |
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| Jim Meisel |
WASHINGTON, D.C. – HFF announced today that it has closed
the sale of Washington Harbour, a 557,961-square-foot, mixed-use project
located along the Potomac River in Washington, D.C.’s Georgetown submarket.
HFF marketed the property exclusively on behalf of the
seller, a joint venture between Rockpoint Group and MRP Realty. The asset was acquired by Principal Real
Estate Investors for a consortium of South Korean investors.
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| Dek Potts |
Simone Investment acted
as the managing member of the consortium.
Principal Real Estate Investors and Hana Daol Fund Management have been
appointed as asset managers.
The Arthur Cotton Moore-designed project consists of two
freestanding, Class A towers that have recently undergone an expansive $50
million renovation.
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| Andrew M. Weir |
Included in the renovations is a new retail and street-level
experience with the addition of a fountain with programmable light and water
shows in the spring and summer, transforming into a 12,000-square-foot ice
skating rink in the fall and winter months.
The office space is 96 percent leased to 26 tenants such as
the law firms of Foley & Lardner and Kelley Drye & Warren, as well as
communications and advertising firm GMMB Inc.
Major retail tenants include restaurants such as Fiola Mare,
Farmers Fishers Bakers, Bangkok Joe’s, Sequoia, Tony & Joe’s Seafood Place
and Nick’s Riverside Grill.
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| Stephen Conley |
The HFF investment sales team representing the seller was
led by senior managing directors Jim Meisel, Dek Potts and Andrew
Weir, executive managing director Stephen Conley and senior real
estate analyst Matt Nicholson.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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