trending Market Intelligence /marketintelligence/en/news-insights/trending/ejcxg4pdumlk40uwxqooia2 content esgSubNav
In This List

Paramount selling Washington, DC, office property for $220M

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Paramount selling Washington, DC, office property for $220M

Paramount Group Inc. agreed to sell the 2099 Pennsylvania Ave. office building in Washington, D.C., for roughly $220 million.

The deal for the 12-story, 208,776-square-foot class A property is expected to close in the third quarter, subject to customary conditions.

The property is 98.5% leased, Paramount Chairman, CEO and President Albert Behler said.

The Washington Business Journal reported, citing industry sources, that the buyer is Los Angeles-based CommonWealth Partners LLC.