trending Market Intelligence /marketintelligence/en/news-insights/trending/ejcxg4pdumlk40uwxqooia2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

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

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


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.