An affiliate of CIM Commercial Trust sold an office complex in Washington, D.C.'s Union Square for $181 million to Network Realty Partners and USAA Real Estate, the Washington Business Journal reported.
The company agreed to sell the complex in June.
The complex includes two nine-story buildings at 899 and 999 N. Capitol St. NE, 90% leased and totaling around 625,500 square feet, and a development site 901 N. Capitol St. NE. The company will evaluate the construction of a 12-story office building with about 270,000 square feet of space at the site.