WASHINGTON--(BUSINESS WIRE)--
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the $228 million sale of The Executive Building, a 332,022-square-foot,
LEED Gold-certified, Class A office building in downtown Washington, D.C.
HFF marketed the property on behalf of the seller, Invesco Real Estate
and procured the buyer, UNIZO Holdings Company, Limited.
The Executive Building, located at 1030 15th Street NW, is
situated on a prominent corner location at 15th and L Streets
just steps from the McPherson Square and Farragut North and West
Metrorail stations, providing access to the Orange, Blue, Silver and Red
lines. The property is situated across from Midtown Center, the future
Fannie Mae headquarters that will bring more than 3,500 new employees to
downtown Washington, D.C., and rival the retail offerings of
CityCenterDC. Additionally, the property is situated just three blocks
from the White House and is proximate to many federal agencies driving
the downtown office market. Completed in 2008, the 12-story Executive
Building is 93 percent leased to tenants, including The Atlantic Council
of the United States and National Quality Forum. The property's amenity
package features a tenant-only fitness center, conference facilities,
full-service concierge, on-site retail amenities and a 178-space
underground parking facility.
The HFF investment sales team representing the seller was led by Stephen
Conley, Andrew Weir, Jim Meisel, Dek Potts and Matt Nicholson.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment
management business with over $71.3 billion in real estate assets under
management, 441 employees and 21 regional offices across the U.S.,
Europe and Asia. The firm was established in 1983 and has been actively
investing in core, value-add and opportunistic real estate strategies
since 1992. Invesco Real Estate is a subsidiary of Invesco Ltd., (NYSE: IVZ), one of the largest investment management firms in the world with
$779.6 billion in assets under management and on-the-ground presence in
25 cities worldwide. Information as of June 30, 2016.
About UNIZO
UNIZO (www.unizo-hd.co.jp/en/)
is a publicly-traded real estate investment and development company
based in Tokyo.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).
HFF operates out of 23 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.
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