Baltimore-based Greenebaum & Rose Associates sold 820 First St. NE in Washington, DC, to affiliates of Harbor Group International LLC, Capstone Equities and Image Capital for $107 million or $358 per square foot.
The 11-story, 298,533-square-foot, Class A office building serves as the DC headquarters of Cable News Network (CNN). Other tenants of the 99 percent leased property include Accenture, Turner Broadcasting System Inc. and the U.S. Department of Housing and Urban Development.
Built in 1990, the structure is the second phase of the Union Center Plaza business park in the NoMa submarket. HGI plans to implement a capital improvement plan focused on elevator modernization and energy controls.
Cassidy Turley served as the seller’s broker.
See CoStar COMPS #2584471 for more information.