Hines to pay $227M for DC office building – Real Estate Alert

Hines agreed to acquire the 396,000-square-foot office building at 1015 Half St. SE in Washington, D.C., for about $227 million, Real Estate Alert reported.

PGIM Real Estate is selling the 10-story, 96%-leased building, which also offers 12,000 square feet of ground-level retail space, among other amenities, according to the report. The property counts the city government and Washington's Homeland Security and Emergency Management Agency among its tenants.

Eastdil Secured is the broker for the asset, which was previously expected to sell for $220 million, the news outlet added.