GLL Real Estate Partners Inc., an institutional real estate investment advisor headquartered in Munich, Germany, acquired a 10-story trophy office building
in Washington, DC, from Seaton Benkowski & Partners for $121.4 million or $681 per square foot. The buyer also assumed an existing loan on the property.
Delivered in 2006, Carroll Square totals 178,203 square feet at 975 F St. NW. Akridge was SBP’s partner in the development, leasing and management of property. The office building is fully occupied with tenants like Seyfarth Shaw, Holland & Hart and Fitzpatrick, Cella, Harper & Scinto. Le Pain Quotidien, Leica Camera and Coco Sala lease the retail space
. The property is encumbered by a ground lease with the Archdiocese of Washington, D.C. through 2102.
Stephen Conley, James Meisel, Dek Potts and Andrew Weir of HFF represented the seller, while no buyer's broker was involved.
Please see Costar COMPS #2543833 for more information on this transaction.