DC's Most Active Investor Buys Two More Office Buildings
After diving head first into the DC office market last year with six major acquisitions, Unizo is back in the game with the purchase of two East End office buildings.
The Tokyo-based investor just bought two adjacent buildings, at 1325 and 1341 G St. NW, for $259M from a JV of Westbrook Partners and Tier REIT, GlobeSt reports.
The 10-story, 307K SF office building at 1325 G, built in 1969 and redeveloped in 1997, sold for $193.5M. Its tenants include Social Tables, Clinovations, the Heart Research Society, the Electric Power Research Institute and the DC Public Service Commission.
The adjacent Colorado Building at 125K SF building at 1341 G sold for $65.5M. It was built in 1903 and renovated in 1989 and 2002. Its tenants include a doctor's office, The Raben Group, training center The Iron Yard and restaurant Ocean Prime.
Unizo's most recent DC acquisition was its $148M purchase of Capitol View in December. In September, it made the $228M acquisition of the Executive Building. It also bought a CNN-anchored NoMa office building in August for $140M. Its first three DC acquisitions were 50 F St. NW, 1100 First St. SE and 1201 Connecticut Ave.
