{"id":1004354546,"date":"2019-09-24T03:21:48","date_gmt":"2019-09-24T11:21:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004354546"},"modified":"2021-05-10T02:06:34","modified_gmt":"2021-05-10T10:06:34","slug":"normandy-sells-dc-office-building-for-105m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/normandy-sells-dc-office-building-for-105m\/","title":{"rendered":"Normandy Sells DC Office Building for $105M"},"content":{"rendered":"<div id=\"attachment_1004354552\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004354552\" data-attachment-id=\"1004354552\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/normandy-sells-dc-office-building-for-105m\/950-lenfant-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"950 L&#8217;Enfant Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;950 L&#8217;Enfant Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg?w=1000\" class=\"wp-image-1004354552 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004354552\" class=\"wp-caption-text\">950 L&#8217;Enfant Plaza<\/p><\/div>\n<p>Normandy Real Estate Partners has sold the 315,726-square-foot 950 L\u2019Enfant Plaza in Washington, D.C., for $104.6 million. According to Yardi Matrix data, the seller had previously purchased the asset last year out of foreclosure. District of Columbia recorded documents show that the new owner is an entity affiliated with Boyd Watterson Asset Management.<\/p>\n<p>Located at 950 L&#8217;Enfant Plaza SW, within the 2.5 million-square-foot L\u2019Enfant Plaza mixed-use complex, the nine-story building overlooks the Southwest Waterfront and offers views of Hain\u2019s Point, Ronald Reagan National Airport, National Landing and The Wharf\u2014a transformative 3.2 million-square-foot development that <a href=\"https:\/\/www.commercialsearch.com\/news\/phase-2-of-dcs-2-5b-the-wharf-commences\/\">kicked off the second phase<\/a>&nbsp;this April. Additionally, the asset is within walking distance of the L\u2019Enfant Plaza Metrorail Station, which provides access to five of the six Metrorail lines and is just two blocks from the Virginia Railway Express Station.<\/p>\n<p>Completed in 1988, the property was designed by <a href=\"https:\/\/www.commercialsearch.com\/news\/how-i-m-pei-shaped-the-worlds-skylines\/\">world-renowned architect I.M. Pei<\/a> and received cosmetic renovations in 1988 and 1995, Yardi Matrix data shows. At the times of sale, 950 L\u2019Enfant Plaza was 86 percent leased to four GSA tenants. Matt Nicholson, Jim Meisel, Andrew Weir, Stephen Conley and Dave Baker from JLL brokered the transaction on behalf of the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The seller had purchased the I.M. Pei-designed property out of foreclosure a little more than a year ago.<\/p>\n","protected":false},"author":748,"featured_media":1004354552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,11,21742,21747,1615],"tags":[42119,37074,45623,32796,33267,33172],"class_list":["post-1004354546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-andrew-weir","tag-boyd-watterson-asset-management","tag-i-m-pei","tag-jll","tag-normandy-real-estate-partners","tag-the-wharf"],"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>Normandy Sells DC Office Building for $105M - 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\/normandy-sells-dc-office-building-for-105m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Normandy Sells DC Office Building for $105M\" \/>\n<meta property=\"og:description\" content=\"The seller had purchased the I.M. Pei-designed property out of foreclosure a little more than a year ago.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/normandy-sells-dc-office-building-for-105m\/\" \/>\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=\"2019-09-24T11:21:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:06:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/950-LEnfant-Plaza-e1569320365281.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\\\/normandy-sells-dc-office-building-for-105m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/normandy-sells-dc-office-building-for-105m\\\/\"},\"author\":{\"name\":\"Lucia Morosanu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"headline\":\"Normandy Sells DC Office Building for $105M\",\"datePublished\":\"2019-09-24T11:21:48+00:00\",\"dateModified\":\"2021-05-10T10:06:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/normandy-sells-dc-office-building-for-105m\\\/\"},\"wordCount\":213,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/normandy-sells-dc-office-building-for-105m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/09\\\/950-LEnfant-Plaza-e1569320365281.jpg\",\"keywords\":[\"Andrew Weir\",\"Boyd Watterson Asset Management\",\"I.M. 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