Tuesday, July 23, 2013

HFF closes sale of Washington Harbour in Washington, D.C.


Washington                                                   Washington Harbour, Washington, DC

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.

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. 

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. 

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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