{"id":1004030137,"date":"2011-06-10T06:56:47","date_gmt":"2011-06-10T14:56:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030137"},"modified":"2025-02-25T00:06:49","modified_gmt":"2025-02-25T08:06:49","slug":"office-complex-at-d-c-s-waterfront-station-trades-for-356m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/","title":{"rendered":"D.C. Office Complex Trades for $356M"},"content":{"rendered":"<p>June 9, 2011<br \/>\nBy Barbra Murray, Contributing Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004030138\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/1100-1101-4th-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg\" data-orig-size=\"1820,1211\" 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;0&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=\"1100 &#038; 1101 4th Street\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg\" alt=\"\" title=\"1100 &amp; 1101 4th Street\" width=\"300\" height=\"199\" class=\"alignright size-medium wp-image-1004030138\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg 1820w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg?resize=768,511 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg?resize=1024,681 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg?resize=1536,1022 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Totaling approximately 631,000 square feet, the office buildings carrying the addresses of 1100 and 1101 4th St. at Waterfront Station, a 2.1 million square-foot mixed-use project under development by Waterfront Associates L.L.C., have traded in a $356 million transaction. Waterfront Associates\u2014a partnership between Forest City Washington and Vornado\/Charles E. Smith\u2014sold the fully-leased towers to USAA Real Estate Co. just one year after having completed them at a cost of approximately $245.9 million.<\/p>\n<p>Development of the office structures kicked off in 2008 with the assistance of a $250 million non-recourse construction financing package provided by a consortium of banks that included Bank of New York Mellon, Bank of Ireland, Wachovia, PB Capital and Landesbank Baden-Wurttemberg, New York Branch.<\/p>\n<p>In addition to Class A office space, all of which is occupied by various departments of the Government of the District of Columbia under a 15-year lease agreement, the 4th St. buildings feature ground-level retail space; combined, anchor tenant Safeway supermarket and CVS Pharmacy account for approximately 67,000 square feet of it.<\/p>\n<p>USAA acquired the assets through its US Government Building Fund. The company is one of a hoard of investment entities from around the world that have been mining greater Washington, D.C., for properties in what is one of the strongest office markets in the country. Office investment sales reached $1.9 billion in the first quarter and are on track to exceed the $5.4 billion historical annual average, according to a report by commercial real estate services firm Cassidy &amp; Turley, which orchestrated the sale of 1100 and 1101 4th on behalf of Waterfront Associates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two buildings at Waterfront Station, a 2.1 million-square-foot mixed-use project under development by Waterfront Associates L.L.C., total approximately 631,000 square feet.<\/p>\n","protected":false},"author":936,"featured_media":1004030138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21747,1615],"tags":[],"class_list":["post-1004030137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-office","category-washington-dc"],"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>D.C. Office Complex Trades for $356M - 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\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"D.C. Office Complex Trades for $356M\" \/>\n<meta property=\"og:description\" content=\"The two buildings at Waterfront Station, a 2.1 million-square-foot mixed-use project under development by Waterfront Associates L.L.C., total approximately 631,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/\" \/>\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=\"2011-06-10T14:56:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T08:06:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1820\" \/>\n\t<meta property=\"og:image:height\" content=\"1211\" \/>\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\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"D.C. Office Complex Trades for $356M\",\"datePublished\":\"2011-06-10T14:56:47+00:00\",\"dateModified\":\"2025-02-25T08:06:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/\"},\"wordCount\":269,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/06\\\/1100-1101-4th-Street.jpg\",\"articleSection\":[\"Featured\",\"News\",\"Office\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/\",\"name\":\"D.C. Office Complex Trades for $356M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/06\\\/1100-1101-4th-Street.jpg\",\"datePublished\":\"2011-06-10T14:56:47+00:00\",\"dateModified\":\"2025-02-25T08:06:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/06\\\/1100-1101-4th-Street.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/06\\\/1100-1101-4th-Street.jpg\",\"width\":\"1820\",\"height\":\"1211\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"D.C. Office Complex Trades for $356M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\",\"name\":\"Allison Landa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"caption\":\"Allison Landa\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/allisonlanda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"D.C. Office Complex Trades for $356M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/","og_locale":"en_US","og_type":"article","og_title":"D.C. Office Complex Trades for $356M","og_description":"The two buildings at Waterfront Station, a 2.1 million-square-foot mixed-use project under development by Waterfront Associates L.L.C., total approximately 631,000 square feet.","og_url":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2011-06-10T14:56:47+00:00","article_modified_time":"2025-02-25T08:06:49+00:00","og_image":[{"width":1820,"height":1211,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg","type":"image\/jpeg"}],"author":"Allison Landa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/"},"author":{"name":"Allison Landa","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"headline":"D.C. Office Complex Trades for $356M","datePublished":"2011-06-10T14:56:47+00:00","dateModified":"2025-02-25T08:06:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/"},"wordCount":269,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg","articleSection":["Featured","News","Office","Washington D.C."],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/","url":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/","name":"D.C. Office Complex Trades for $356M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg","datePublished":"2011-06-10T14:56:47+00:00","dateModified":"2025-02-25T08:06:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg","width":"1820","height":"1211"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/office-complex-at-d-c-s-waterfront-station-trades-for-356m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"D.C. Office Complex Trades for $356M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249","name":"Allison Landa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","caption":"Allison Landa"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/allisonlanda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/1100-1101-4th-Street.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004030137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/936"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004030137"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004030137\/revisions"}],"predecessor-version":[{"id":1004626010,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004030137\/revisions\/1004626010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004030138"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004030137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004030137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004030137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}