{"id":1004023762,"date":"2010-10-15T11:39:56","date_gmt":"2010-10-15T19:39:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004023762"},"modified":"2022-12-04T03:48:19","modified_gmt":"2022-12-04T11:48:19","slug":"gw-medical-faculty-buys-120000-sf-building-in-dc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gw-medical-faculty-buys-120000-sf-building-in-dc\/","title":{"rendered":"GW Medical Faculty Buys 120,000-SF Building in DC"},"content":{"rendered":"<p>October 15, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004023763\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gw-medical-faculty-buys-120000-sf-building-in-dc\/studley\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg\" data-orig-size=\"1200,800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1286836028&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Studley\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg\" alt=\"\" title=\"Studley\" width=\"300\" height=\"200\" class=\"alignright size-medium wp-image-1004023763\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg?resize=1024,683 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>The GW Medical Faculty Associates have some more room to roam. The physician-led multi-specialty practice has just acquired a 120,000-square-foot, nine-story Class A office building in Washington, DC for $49.5 million.<\/p>\n<p>The building, which is located at 2300 M Street, N.W., is situated four blocks from the GW Hospital. GW was represented by David Lipson, Arthur Greenberg, Vernon Knarr and Adam Schindler of Studley, while the seller, a partnership of the Carlyle Group and AON, was represented by John Kevill and James Malloy of Jones Lang LaSalle.<\/p>\n<p>According to Knarr, consolidating the practice into two proximate locations was far preferable to scattering offices around the city. He asserted that buying a building in today\u2019s market is more financially prudent for nonprofits which may qualify for tax-exempt financing and may be exempt from real estate taxes.<\/p>\n<p>GW plans to move several clinical practices into the building\u2019s vacant space since it is currently occupied by the German Embassy. Once the embassy moves in 2013 and 2014, it will then fully renovate the building and begin to occupy the vacated 70,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The purchase price was $49.5 million.<\/p>\n","protected":false},"author":936,"featured_media":1004023763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,21742,21747],"tags":[],"class_list":["post-1004023762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-midatlantic","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GW Medical Faculty Buys 120,000-SF Building in DC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gw-medical-faculty-buys-120000-sf-building-in-dc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GW Medical Faculty Buys 120,000-SF Building in DC\" \/>\n<meta property=\"og:description\" content=\"The purchase price was $49.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gw-medical-faculty-buys-120000-sf-building-in-dc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-10-15T19:39:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T11:48:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Studley.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"GW Medical Faculty Buys 120,000-SF Building in DC\",\"datePublished\":\"2010-10-15T19:39:56+00:00\",\"dateModified\":\"2022-12-04T11:48:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/\"},\"wordCount\":192,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/10\\\/Studley.jpg\",\"articleSection\":[\"Mid-Atlantic\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gw-medical-faculty-buys-120000-sf-building-in-dc\\\/\",\"name\":\"GW Medical Faculty Buys 120,000-SF Building in DC - 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