A venture involving MC Real Estate Partners has paid $106 million, or $1,134/sf, for 1000 F St NW, a 93,465-square-foot office building in the East End area of Washington, DC.
The New York based company purchased the fully-leased property from Douglas Development. This also marks the second D.C. acquisition for MC Real Estate Partners under their current platform.
Andy Nathan, a managing principal for MC Real Estate Partners, says the firm is “thrilled to have completed the acquisition of 1000 F Street,” and notes the purchase is consistent with the firm’s mission of pursuing acquisitions that best match the capital requirements of their partners across economic cycles.
Douglas Development was represented by the Washington D.C. office of Eastdil Secured in the transaction.