HFF closes $109 million sale of downtown Washington, D.C. office building

WASHINGTON, D.C. - April 1, 2015 - HFF announced today that it has closed the $109 million sale of 2025 M Street NW, a 195,624-square-foot office building in downtown Washington, D.C.'s Golden Triangle area. 
 
HFF exclusively marketed the property on behalf of the seller, a partnership between The Oliver Carr Company and Clark Enterprises, Inc.  Mikeone EK purchased the asset. 

The eight-story 2025 M Street NW is situated between 20th and 21st Streets NW within downtown Washington, D.C.'s Golden Triangle, an area that encompasses 43 blocks and houses 3,000 businesses, more than 500 retail shops and restaurants and seven luxury hotels.  The building is proximate to four metro stations:  Farragut North and West, Dupont Circle and Foggy Bottom.  The building features 173,229 square feet of office, 16,886 square feet of retail and 5,509 square feet of storage space in addition to a 4,500-square-foot roof terrace and three levels of below-grade parking containing 242 spaces.  Tenants of the 100-percent-leased building include Kaplan, Radio Free Asia, and Smith Bucklin.
 
The HFF investment sales team was led by senior managing directors James Meisel, Dek Potts and Andrew Weir, executive managing director Stephen Conley, associate director Matthew Nicholson and senior real estate analyst Jessica Diorio 

The Oliver Carr Company was founded in 1962 by Oliver T. Carr Jr. and was the predecessor company to CarrAmerica.  Notable development projects include International Square and the restoration of the historic Willard Hotel.  The principal business activity of the company is real estate asset and investment management.  The company currently holds investments in certain real estate partnerships and joint ventures including the Willard Hotel and Office Building Complex, the Occidental Restaurant, 1919 Pennsylvania Avenue and the Embassy Suites and other hotels in Alexandria, Virginia.

Clark Enterprises, Inc. (CEI) was founded in 1972 as the parent holding company of the Clark Construction Group, LLC, one of the largest privately-held general contractors in the U.S.  Through strategic planning, CEI is now a highly-successful, diversified investment company that concentrates its investment activities in real estate, construction, private equity/venture capital and financial markets.  CEI's executive management represents decades of sophisticated, successful deal-making experience, and CEI's diversified portfolio has produced significant positive returns in all types of markets.  Learn more at www.clarkenterprisesinc.com.

Mikeone EK, and its sister companies, have been acquiring real estate throughout the country and are represented by Alex Kurkin out of Florida and Joao Rogerio Romaldini de Faria out of Brazil.  Adam Vaisman of Butters Construction & Development also advised the buyer in the transaction

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HF.  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.  HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

CONTACTS:
JAMES A. MEISEL
HFF Senior Managing Director
(202) 533-2500
jmeisel@hfflp.com

STEPHEN "DEK" POTTS
HFF Senior Managing Director
(202) 533-2500
dpotts@hfflp.com

ANDREW M. WEIR
HFF Senior Managing Director
(202) 533-2500
aweir@hfflp.com

STEPHEN C. CONLEY
HFF Executive Managing Director
(202) 533-2500
sconley@hfflp.com

MATTHEW T. NICHOLSON
HFF Associate Director
(202) 533-2500
mnicholson@hfflp.com

KRISTEN M. MURPHY
HFF Associate Director
(617) 338-0990
krmurphy@hfflp.com