D.C. Office Building Commands $229M

Spitzer Enterprises shelled out $229 million for a 13-story office building just four blocks away from the White House.

1615 L St. NW., Washington, D.C.1615 L St. NW., Washington, D.C.

WashingtonCarr Properties has acquired 1615 L St., NW., a 418,527-square-foot office building in Washington, D.C.’s Central Business District, from Spitzer Enterprises for $229 million.

Cushman & Wakefield represented the seller in the transaction.

“It’s really an attractive building for millennials,” Eric Berkman, an executive director in Cushman & Wakefield’s D.C. office, told Commercial Property Executive. “There’s a whole push for this North of L Street, and all these millennials are walking from their neighborhoods to this building, and it’s full of all kind of activities, and once you get inside, there’s all kind of open areas and funky spaces that appeals to the younger employees.”…

D.C. Office Building Commands $229M

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