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2000 L St. Trades for $192 Million

Brookfield Office Properties Sells 411,165-SF Office Building Covering Half City Block
September 25, 2013
Brookfield Office Properties traded one of the largest office buildings in its Washington portfolio, 2000 L Street, NW, selling the 10-story, 411,165-square-foot CBD office building to Rockrose Development Corp. for $192 million.

Spanning the length of a full city block from 20th to 21st Streets NW, 2000 L Street is 96 percent leased to 31 tenants,

An investment sales team from HFF marketed the building on behalf of Brookfield led by senior managing directors Jim Meisel, Dek Potts and Andrew Weir, executive managing director Stephen Conley and senior real estate analyst Matt Nicholson.

Founded in 1970, Rockrose has been actively investing in the Washington market over the past several years as part of its strategy to diversify beyond its core apartment holdings in New York City.

The firm has focused its acquisition activity mostly within the District's 'golden triangle.' Major holdings include 1776 Eye Street, NW, 1900 M St., NW, 1150 18th St., NW, and 1146 19th St., NW.

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