$82.44 Million Sale of 2121 K Street NW in Washington, DC Closed by HFF

     

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of 2121 K Street NW (top left photo), a 190,458-square-foot, Class A office building in downtown Washington, D.C.

HFF senior managing directors Jim Meisel  (middle right photo) and Dek Potts (middle  left photo) and managing director Andrew Weir (lower right photo) represented the seller, ING Clarion Partners. 

TF Cornerstone purchased the property for $82.44 million free and clear of existing debt.

 Recently renovated in 2009, 2121 K Street NW is an 11-story property with ground-level retail and a 132-space underground parking garage.

 The property is 71% leased to tenants including the United Mine Workers of American Pension Trust (UMWA), Economists Incorporated, Intl Research & Exchange, George Washington University and a recently signed retail lease with celebrity chef Bobby Flay’s, Bobby’s Burger Palace.

  Tenants have access to an on-site fitness center with showers and locker rooms, and a rooftop terrace.  Located on the north side of K Street between 21st and 22nd Streets, 2121 K Street NW is within walking distance of the Foggy Bottom, Farragut West and Farragut North Metro stations in downtown Washington, D.C.

“Washington, D.C. continues to rank as the top city for commercial real estate investment in the world,” said Meisel.  “We had tremendous interest in this core plus investment opportunity as the leasing market in the CBD continues to improve.”

TF Cornerstone is a family-owned and operated real estate acquisition, development and management organization with residential, commercial and retail properties in both New York and Washington, D.C.

 Headquartered at 290 Park Avenue South, TF Cornerstone’s principals pride themselves on their personal involvement in all aspects of their business and portfolio, ensuring the highest level of quality and assurance.  www.TFCornerstone.com.

Contacts: 

James A. Meisel, HFF Senior Managing Director, (202) 533-2500,  jmeisel@hfflp.com

Stephen ‘Dek’ Potts Jr., HFF Senior Managing Director, (202) 533-2500,  dpotts@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com