Sunday, April 5, 2015

HFF closes $109 million sale of downtown Washington, D.C. office building


2025 M Street, Washington, DC

James Meisel
WASHINGTON, D.C.  – HFF announced it has closed the $109 million sale of 2025 M Street NW, a 195,624-square-foot office building in downtown Washington, D.C.’s Golden Triangle area. 

               HFF exclusively marketed the property on behalf of the seller, a partnership between The Oliver Carr Company and Clark Enterprises, Inc.  Mikeone EK purchased the asset. 

The eight-story 2025 M Street NW is situated between 20th and 21st Streets NW within downtown Washington, D.C.’s Golden Triangle, an area that encompasses 43 blocks and houses 3,000 businesses, more than 500 retail shops and restaurants and seven luxury hotels. 

Dek Potts




The building is proximate to four metro stations:  Farragut North and West, Dupont Circle and Foggy Bottom.  

The building features 173,229 square feet of office, 16,886 square feet of retail and 5,509 square feet of storage space in addition to a 4,500-square-foot roof terrace and three levels of below-grade parking containing 242 spaces. 

Tenants of the 100-percent-leased building include Kaplan, Radio Free Asia, and Smith Bucklin.

               The HFF investment sales team was led by senior managing directors James Meisel, Dek Potts and Andrew Weir, executive managing director Stephen Conley, associate director Matthew Nicholson and senior real estate analyst Jessica Diorio.

Andrew M. Weir
The Oliver Carr Company was founded in 1962 by Oliver T. Carr Jr. and was the predecessor company to CarrAmerica.  

Notable development projects include International Square and the restoration of the historic Willard Hotel.  The principal business activity of the company is real estate asset and investment management. 

  The company currently holds investments in certain real estate partnerships and joint ventures including the Willard Hotel and Office Building Complex, the Occidental Restaurant, 1919 Pennsylvania Avenue and the Embassy Suites and other hotels in Alexandria, Virginia.

Mikeone EK, and its sister companies, have been acquiring real estate throughout the country and are represented by Alex Kurkin out of Florida and Joao Rogerio Romaldini de Faria out of Brazil.  Adam Vaisman of Butters Construction & Development also advised the buyer in the transaction

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

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