DC Office Building Commands $142M
Alduwaliya Asset Management acquired the 317,248-square-foot asset with the help of HFF.
By Keith Loria, Contributing Editor
Washington—Alduwaliya Asset Management has acquired 1025 Thomas Jefferson St., a 317,248-square-foot, Class A office building in the Georgetown submarket of Washington, D.C., from The JBG Cos. for $141.8 million.
HFF represented both parties in the transaction.
At eight stories, the building fronts K Street between 30th and Thomas Jefferson Streets and sits directly across from the Georgetown Waterfront Park and Washington Harbor.
The building is 96 percent leased to 22 tenants, anchored by data analytics firm Palantir Technologies, with a tenant roster that also includes the American Institutes for Research, Carlton Fields, Education Development Center and Combined Properties.
Originally constructed in 1984 with classic Georgetown architecture, the brick façade building features two multi-level courtyards with fountains, a fitness facility, deli, 268 below-grade parking spaces and a Metrorail shuttle. The upper floors offer extensive window lines and panoramic views of the Washington Monument, Kennedy Center, historic Georgetown and Potomac River.
The property sits two blocks south of M Street, Georgetown’s renowned retail, dining and entertainment corridor.
The HFF investment sales team representing the seller was led by Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matt Nicholson.
Image courtesy of Yardi Matrix