HFF closes $52.75 million sale of 10-story office building in Washington DC’s Central Business District

919--18th Street, Downtown Washington, DC

Jim Meisel

WASHINGTON, D.C. – HFF announced today that it has closed the sale of 919 18th Street, a 10-story, 105,965-square-foot office building located in the heart of Washington, D.C.’s Central Business District (“CBD”).

               HFF represented the seller, Clarion Partners in this transaction and procured the buyer, Epic LLC.  The property was acquired for $52.75 million free and clear of existing debt.

               919 18th Street is situated within Washington, D.C.’s Golden Triangle, an “amenity-rich” area of the city with more than 3,000 businesses, 350 shops, seven luxury hotels and numerous dining options. 

Dek Potts

Both the Farragut West Metro station and the Farragut North Metro Station are within walking distance, providing access to the orange, blue and red lines of Washington, D.C.’s metro rail. 

The property is also close to local transportation routes such as Interstate 66 and the George Washington Memorial Parkway.

 Originally built in 1981, 919 18th Street was most recently renovated in 2013 and is 94 percent leased to 20 tenants.  The property features a three-story, 85-space parking garage and the restaurant, Devon & Blakely.

Andrew Weir

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

“The property’s superb location and stellar occupancy history of approximately 95 percent over the last 10 years led to extremely competitive bidding,” said Potts.

Clarion Partners has been a leading U.S. real estate investment manager for over 30 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in São Paulo, Brazil and London, England as well as a presence in Mexico.

Stephen Conley

With $28.6 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.

 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