Business Services Industry
Washington office property
Real Estate Alert, March 17, 2004
German-backed Paramount Group agreed to pay $72 million, or $360/sf, for the 360,000-sf building at 1800 K Street NW in Washington. The property is being sold by Commonwealth Atlantic, which is owned by a fund operated by Lazard Freres called Strategic Realty Investors I. The deal is being brokered by Lazard.
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