WASHINGTON--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $228 million sale of The Executive Building, a 332,022-square-foot, LEED Gold-certified, Class A office building in downtown Washington, D.C.
HFF marketed the property on behalf of the seller, Invesco Real Estate and procured the buyer, UNIZO Holdings Company, Limited.
The Executive Building, located at 1030 15th Street NW, is situated on a prominent corner location at 15th and L Streets just steps from the McPherson Square and Farragut North and West Metrorail stations, providing access to the Orange, Blue, Silver and Red lines. The property is situated across from Midtown Center, the future Fannie Mae headquarters that will bring more than 3,500 new employees to downtown Washington, D.C., and rival the retail offerings of CityCenterDC. Additionally, the property is situated just three blocks from the White House and is proximate to many federal agencies driving the downtown office market. Completed in 2008, the 12-story Executive Building is 93 percent leased to tenants, including The Atlantic Council of the United States and National Quality Forum. The property’s amenity package features a tenant-only fitness center, conference facilities, full-service concierge, on-site retail amenities and a 178-space underground parking facility.
The HFF investment sales team representing the seller was led by Stephen Conley, Andrew Weir, Jim Meisel, Dek Potts and Matt Nicholson.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with over $71.3 billion in real estate assets under management, 441 employees and 21 regional offices across the U.S., Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a subsidiary of Invesco Ltd., (NYSE: IVZ), one of the largest investment management firms in the world with $779.6 billion in assets under management and on-the-ground presence in 25 cities worldwide. Information as of June 30, 2016.
UNIZO (www.unizo-hd.co.jp/en/) is a publicly-traded real estate investment and development company based in Tokyo.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.