{"id":1004124297,"date":"2015-07-29T11:41:37","date_gmt":"2015-07-29T19:41:37","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356036"},"modified":"2020-04-28T05:39:02","modified_gmt":"2020-04-28T13:39:02","slug":"local-company-scoops-up-another-building-in-downtown-d-c-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/local-company-scoops-up-another-building-in-downtown-d-c-2\/","title":{"rendered":"Local Company Scoops Up Another Building in Downtown D.C."},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

\"Columbia<\/a><\/p>\n

Columbia Center – 1152 15th St. NW<\/em><\/p>\n<\/div>\n

Carr Properties<\/a> continues to expand its presence in D.C. This month, the local real estate investment trust has closed the acquisition of a large Class A office building in the city\u2019s downtown.<\/p>\n

Carr\u2019s new property is the 393,815-square-foot Columbia Center, located at 1152 15th St., N.W. The company purchased the asset together with affiliates of the Oliver Carr Co. and Clark Enterprises in a structured transaction. The price was undisclosed, but The Washington Business Journal<\/em> <\/a>reported in May that Carr had agreed to buy the building for $138 million.<\/p>\n

UBS Global Asset Management<\/a> was the seller. The Hartford-based entity was represented in the transaction by an\u00a0HFF<\/a>\u00a0investment sales team led by Executive Managing Director Stephen Conley; Senior Managing Directors Jim Meisel, Dek Potts and Andrew Weir; and Associate Director Matthew Nicholson.<\/p>\n

The 12-story Columbia Center was completed in 2008 and is currently 94 percent leased, according to HFF. Its two anchors, Orrick Herrington & Sutcliffe and Merrill Lynch, both have long-term leases. The building is located in Washington, D.C.\u2019s central business district, adjacent to the to-be-built Fannie Mae headquarters. The property is also next to The Washington Post headquarters, a property Carr purchased last year together with Israel-based Alony Hetz Properties and Investments Ltd. for $159 million.<\/p>\n

The new owners did not reveal what their immediate plans are for Columbia Center.<\/p>\n

Image courtesy of Wikimapia<\/a> user Warthog<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Carr Properties continues to expand its presence in Washington, D.C.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004124297","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nLocal Company Scoops Up Another Building in Downtown D.C. - 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\/local-company-scoops-up-another-building-in-downtown-d-c-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local Company Scoops Up Another Building in Downtown D.C.\" \/>\n<meta property=\"og:description\" content=\"Carr Properties continues to expand its presence in Washington, D.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/local-company-scoops-up-another-building-in-downtown-d-c-2\/\" \/>\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=\"2015-07-29T19:41:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T13:39:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Untitled.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\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\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Local Company Scoops Up Another Building in Downtown D.C.\",\"datePublished\":\"2015-07-29T19:41:37+00:00\",\"dateModified\":\"2020-04-28T13:39:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Untitled.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/local-company-scoops-up-another-building-in-downtown-d-c-2\\\/\",\"name\":\"Local Company Scoops Up Another Building in Downtown D.C. - 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