The U.S. General Services Administration acquired the 511,500-square-foot Columbia Plaza Office Building in Washington, DC, from a partnership between Normandy Real Estate Partners and Westbrook Partners. The property traded for $99.59 million or $195 per square foot.
The 15-story structure at 2401 E. St. NW was built in 1974 and renovated in 1999. The U.S. Department of State's Diplomacy in Action agency has occupied the building since 1992 under a 20-year lease and exercised its option to purchase the property to cut down on costs over time. The property is also close to the State Department headquarters at the Harry S. Truman Building.
This was a direct deal and no brokers were involved.
Please see CoStar COMPS #2273360 for more information on this transaction.