TRANSWESTERN BROKERS SALE $61 MILLION SALES OF 2001 L STREET, N.W., WASHINGTON, D.C.
March 20, 2012
Transwestern announced today that it brokered the sale of 2001 L Street, N.W., Washington, D.C., a 10-story first class office building totaling 156,766 square feet. The property was acquired by Minshall Stewart Properties from Equity L Street, LLC for $61,754,000. Transwestern’s Institutional Commercial Group brokered the sale on behalf of Equity L Street, LLC.
2001 L Street, N.W., is a 10-story multi-tenanted office building originally constructed in 1985 and underwent recent capital improvements including restrooms, elevator lobbies, and cooling towers. The property is located in Washington, D.C.’s Central Business District (CBD) on the corner of 20th and L Street, three blocks from Farragut North Metrorail Station (Red Line) and two blocks from Farragut West Metrorail Station (Blue & Orange Line).
Sitting in the heart of the Golden Triangle, just three blocks south of Dupont Circle, 2001 L Street, NW is surrounded by a wide array of amenities offered by this lifestyle hub. Continuous residential and hotel development over the last five years has vastly increased the already rich amenity base. Elegant restaurants abound, as do retail and entertainment venues. The Golden Triangle area boasts more than 300 retailers, 200 restaurants and 7 hotels.
Current tenants of 2001 L Street, N.W. include The Peace Corps, Institute of Electrical and Electronics Engineers, Economic Consulting Services, LLC, and Levine, Blaszak, Block, Boothby, LLP.
Transwestern’s DC Institutional Commercial Group focuses on institutional investment services throughout the Washington, D.C. region, providing their clients with exceptional service and market knowledge. Over the past 12 months, the Institutional Commercial Group’s transactions have totaled over $1 billion in aggregate value. Their success is a direct result of their detailed underwriting and keen understanding of the local, national, and international investment communities. For more information on the Institutional Commercial Group, please visit www.Transwestern-ICG.net or call Gerry Trainor, Executive Managing Director at 202-775-7091.
ABOUT THE COMPANY: Transwestern is a national, privately-held operating company specializing in commercial real estate services, investment and development. The firm’s fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts. Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.
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