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$192 million sale of 2000 L Street in Washington, D.C. closed by HFF

WASHINGTON, D.C., September 23, 2013 - HFF announced today that it has closed the sale of 2000 L Street, NW, an  office building located in the heart of Washington, D.C.`s Central Business District ("CBD").
 
HFF marketed the property exclusively on behalf of the seller, Brookfield Office Properties.  Rockrose Development Corporation purchased the asset for $192 million.
 
Spanning a full city block from 20th to 21st Streets NW, 2000 L Street is an eight-story freestanding asset with four sides of extensive window lines.  Currently 96 percent leased to 31 tenants, the property is situated in the CBD`s amenity-rich Golden Triangle and proximate to four Metro Stations serving the Red, Orange and Blue Lines.
      
The HFF investment sales team representing the seller was led by senior managing directors Jim Meisel, Dek Potts and Andrew Weir, executive managing director Stephen Conley and senior real estate analyst Matt Nicholson.
      
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom.  Its portfolio is comprised of interests in 109 properties totaling 80 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Denver, Seattle, San Francisco, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets.  Landmark properties include Brookfield Places in New York City, Toronto and Perth, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, and Darling Park in Sydney.  The company`s common shares trade on the NYSE and TSX under the symbol BPO.  For more information, visit www.brookfieldofficeproperties.com.
      
Founded in 1970, Rockrose Development Corporation is one of New York`s most pre-eminent and prolific developers.  As an all-encompassing property owner, developer and manager, the company`s visionary stance and commitment to excellence has established it as a leading force in New York real estate. With a hands-on management team who recognize the importance of exacting quality for demanding residential and commercial clients, the company continues to exceed expectations and create new standards. 
      
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF).  HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.   

CONTACTS:
STEPHEN C. CONLEY
HFF Executive Managing Director
(202) 533-2500
sconley@hfflp.com

JAMES A. MEISEL
HFF Senior Managing Director
(202) 533-2500
jmeisel@hfflp.com

STEPHEN "DEK" POTTS
HFF Senior Managing Director
(202) 533-2500
dpotts@hfflp.com

ANDREW M. WEIR
HFF Senior Managing Director
(202) 533-2500
aweir@hfflp.com

KRISTEN M. MURPHY
HFF Associate Director, Marketing
(617) 338-0990
krmurphy@hfflp.com

 



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Source: HFF, Inc. via Thomson Reuters ONE

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